What do you mean by primary deficit ?
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PRIMARY DEFICIT
Primary deficit refers to difference between fiscal deficit of the current year and interest payments on the previous borrowings.
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Answer:
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primary deficit✔️
- Primary deficit refers to difference between fiscal deficit of the current year and interest payments on the previous borrowings. Primary Deficit = Fiscal Deficit – Interest Payments. ADVERTISEMENTS: The total borrowing requirement of the government includes the interest commitments on accumulated debts.
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