Economics · Fiscal Deficit and Budget
The government's borrowing requirement, when interest payments on past debt are excluded, is best described by the concept of ______.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Budgetary Surplus
- 2Primary Surplus
- 3Primary deficit✓
- 4Effective Revenue Deficit
Correct answer
Primary deficit
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