Q.From the following budget data, calculate the Revenue Deficit, the Fiscal Deficit, and the Primary Deficit: Revenue Receipts = ₹50,000 crore; Revenue Expenditure = ₹58,000 crore; Capital Expenditure = ₹12,000 crore; Non-debt Capital Receipts = ₹3,000 crore; Interest Payments (included within Revenue Expenditure) = ₹9,000 crore.

This comprehensive problem chains all three deficit measures together, using Total Expenditure built up from its Revenue and Capital components. …

Step 1 — Revenue Deficit:

Step 2 — Total Expenditure (needed for Fiscal Deficit):

Step 3 — Fiscal Deficit:

Step 4 — Primary Deficit:

Independent verification (decomposed re-check of the Fiscal Deficit): breaking Total Expenditure into its two components and subtracting receipts directly gives the same result: $(58{,}000 + 12{,}000) - (50{,}000 + 3{,}000) = 70{,}000 - 53{,}000 = 17{,}000$ — matches Step 3, confirming the Fiscal Deficit figure the Primary Deficit is based on. …

Compute Revenue Deficit directly from revenue-side figures; build up Total Expenditure from its Revenue and Capital components; use Total Expenditure to compute Fiscal Deficit; subtract Interest Payments from the Fiscal Deficit to get the P …

Forgetting that Interest Payments are already INCLUDED within Revenue Expenditure (not a separate, additional expenditure item) — the Primary Deficit calculation only SUBTRACTS interest payments out of the already-computed Fiscal Defic …