📝 Multiple Choice Question
Economics
Which of the following is the correct formula for calculating gross primary deficit?
A
Gross fiscal deficit - Borrowings from abroad
B
Gross fiscal deficit - Borrowing from RBI
C
Gross fiscal deficit + Net interest liabilities
D
Gross fiscal deficit - Net interest liabilities
Explanation
The primary deficit is calculated by subtracting interest payments on past borrowing from the current year's gross fiscal deficit, illustrating the government's current fiscal stance.
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