Arrange the following deficits as percentage of GDP in descending order: A. Revenue deficit B. Fiscal…
For the historical Union Budget 2015–16 estimates, the Survey table gives fiscal 3.9%, revenue 2.8% and primary 0.7% of GDP, so B-A-C, (2). This is not an accounting…
Choose your answer
Arrange the following deficits as percentage of GDP in descending order:
A. Revenue deficit
B. Fiscal deficit
C. Primary deficit
Answer and explanation
Correct answer B
For the historical Union Budget 2015–16 estimates, the Survey table gives fiscal 3.9%, revenue 2.8% and primary 0.7% of GDP, so B-A-C, (2). This is not an accounting identity that fixes the ranking in every country or year.
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RPSC Assistant Professor (College Education)