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The revenue deficit refers to the excess of the government’s revenue expenditure over revenue receipts. Revenue deficit = Revenue expenditure – Revenue receipts. The revenue deficit includes only such transactions that affect the current income and expenditure of the government. It is the difference between the government’s total expenditure and its total receipts excluding borrowing. Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts). The fiscal deficit will have to be financed through borrowing. Thus, it indicates the total borrowing requirements of the government from all sources. The goal of measuring the primary deficit is to focus on present fiscal imbalances. It is simply the fiscal deficit minus the interest payments. Gross primary deficit = Gross fiscal deficit – Net interest liabilities.
Cisco has signed an agreement with the Karnataka government to train 40,000 people in cybersecurity skills and awareness. According to the memorandum of...
Which of the following ministry recently launched the Citizen Perception Survey-2022?
Which new category has been introduced under the Pradhan Mantri Mudra Yojana to cover loans between ₹10 lakh and ₹20 lakh?
Consider the following statements with reference to Central Bank Digital Currency (CBDC):
I. The digital fiat currency or CBDC can be transact...
In a securitization, the issuer of asset-backed securities is best describes as the:
Which of the following is not true regarding CGTMSE Scheme?
I. Fund and non-...
Which currency did Zimbabwe launch and is backed by gold reserves to address economic instability?
What is the basic objective behind setting up NACH ?
"Consider the following statement regarding a Scheme SMILE - Support for Marginalized Individuals for Livelihood and Enterprise -"
I. It is launc...
What percentage of global GDP is contributed by MSMEs, as per the United Nations?