If the value of gross fiscal deficit will be more than net interest liabilities, the value of gross primary deficit will be ______.

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SSC MTS (2022) Official Paper (Held On: 20 Jun, 2023 Shift 3)
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  1. Zero
  2. Infinity
  3. Positive
  4. Negative

Answer (Detailed Solution Below)

Option 3 : Positive
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SSC MTS 2024 Official Paper (Held On: 01 Oct, 2024 Shift 1)
90 Qs. 150 Marks 90 Mins

Detailed Solution

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The correct answer is Positive.

Key Points

  • Gross fiscal deficit:-
    • It is the excess of total expenditure, including loans net of recovery over net of revenue and non-debt capital receipts.
    • It is an indicator of the total borrowings needed by the government.
    • GFD is calculated as follows: GFD = Total expenditure - (Revenue receipts + Non-debt capital receipts)
    • If the value of gross fiscal deficit will be more than net interest liabilities, the value of gross primary deficit will be positive. (Hence option 3 is correct).

Additional Information

  • Gross primary deficit:-
    • It is the difference between the government's gross fiscal deficit and its net interest liabilities.
  • Net interest liabilities:-
    • It is the difference between the government's interest payments and its interest receipts.

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