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Question 36 of 42

Q.Primary Deficit (PD) = __________.

(a) Total Expenditure − Total Revenue
(b) Fiscal Deficit − Interest Payment
(c) Total Revenue Expenditure − Total Revenue Receipts
(d) Budget Deficit − Government Market borrowings and liabilities
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2025MCQ· 1mImportance★★★★★
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Primary Deficit = Fiscal Deficit − Interest Payment — option (b).

In the Tamil Nadu HSC Class-12 Economics (Fiscal Economics) syllabus, the measures of budget deficit are related as follows:

  • Fiscal Deficit = Total Expenditure − Total Receipts (excluding borrowings), showing total government borrowing.
  • Primary Deficit = Fiscal Deficit − Interest Payments. …

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