wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What does zero primary deficit mean?

Open in App
Solution

Zero primary deficit means that the government has to resort to borrowings only to meet interest commitments on earlier loans.

flag
Suggest Corrections
thumbs-up
3
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Revenue budget
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon