From the following data about a government budget, find out (a) revenue deficit, (b) fiscal deficit, and (c) primary deficit:
Items (Rs in crore)
(i) Revenue receipts 55
(ii) Capital receipts 42
(iii) Non-tax revenue 18
(iv) Borrowings 40
(v) Revenue expenditure 88
(vi) Interest payments 28
(a) Revenue Deficit = Revenue expenditure - Revenue receipts
= Rs. 88 crore - Rs. 55 crore
= Rs. 33 crore
(b) Fiscal Deficit = Borrowings
= Rs. 40 crore
(c) Primary Deficit = Fiscal deficit - Interest payments
= Rs. 40 crore - Rs. 28 crore
= Rs. 12 crore
(a) Revenue deficit = Rs. 33 crore
(b) Fiscal deficit = Rs. 40 crore
(c) Primary deficit = Rs. 12 crore