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Question
What is the significance of primary deficit?
What is the significance of primary deficit?
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Solution
The significance of primary deficit is that it reflects borrowings on account of current year expenditure exceeding the current year receipts of the government. Interest payment on the accumulated borrowings is not accounted for.
The significance of primary deficit is that it reflects borrowings on account of current year expenditure exceeding the current year receipts of the government. Interest payment on the accumulated borrowings is not accounted for.
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