Primary deficit and fiscal deficit
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Primary deficit is one of the parts of fiscal deficit. While fiscal deficit is the difference between total revenue and expenditure, primary deficit can be arrived by deducting interest payment from fiscal deficit. Interest payment is the payment that a government makes on its borrowings to the creditors.
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✔✔ Primary deficit is one of the parts of fiscal deficit.
✔️✔️ While fiscal deficit is the difference between total revenue and expenditure, primary deficit can be arrived by deducting interest payment from fiscal deficit.
✔️✔️ Interest payment is the payment that a government makes on its borrowings to the creditors.
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