Question : Gross primary deficit is the difference between ______.
Option 1: revenue deficit and interest receipts
Option 2: gross fiscal deficit and interest receipts
Option 3: revenue deficit and interest payments
Option 4: gross fiscal deficit and net interest liabilities
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Correct Answer: gross fiscal deficit and net interest liabilities
Solution : The correct option is gross fiscal deficit and net interest liabilities .
The gross primary deficit is the difference between a government's total expenditure (excluding interest payments) and its total revenue, excluding grants. It provides a measure of the fiscal imbalance.
The gross fiscal deficit is the difference between a government's total expenditures and total revenue.
Net interest liabilities, on the other hand, refer to the government's total interest payments minus interest receipts.
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