- Fiscal Deficit = Total Borrowing Requirement. - Primary Deficit = Fiscal Deficit - Interest Payments. - A zero primary deficit means the government only needs to borrow to cover its interest obligations, not its other expenditures.
If Primary deficit is zero, then the amount of borrowing will be :
Asked in UKPSC CS Prelims 2021 · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
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