A government budget shows a primary deficit of Rs. 4,400 crore. The revenue expenditure on interest payment is Rs. 400 crores. How much is the fiscal deficit?
Fiscal deficit = Primary Deficit + Interest Payments =4,400+400=4,800 crores.
Revenue deficit is estimated to be Rs. 20,000 crore, and borrowing is estimated to be Rs. 15,000 crore. If expenditure on interest payments is estimated to be 50% of the revenue deficit, find fiscal deficit and primary deficit.