GyanGramQuestion
A country's fiscal deficit stands at Rs.50,000 crores. It is receiving Rs.10,000 crores through non-debt creating capital receipts. The country's interest liabilities are Rs.1,500 crores. What is the gross primary deficit?
PRELIMS 2025 · INDIAN ECONOMY
A country's fiscal deficit stands at Rs.50,000 crores. It is receiving Rs.10,000 crores t…
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• Correct Answer: A
• Gross Primary Deficit = Fiscal Deficit - Interest Payments = 50,000 - 1,500 = Rs. 48,500 crores.
• Non-debt creating capital receipts are already accounted for in the fiscal deficit calculation and are not subtracted again.
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