UPSC Prelims 2025 · GS Paper 1 · Q61
Economy
Medium · Budget arithmetic / Deficits
Consider the following statements about government Budget deficit measures:
1. Revenue deficit is the excess of revenue expenditure over revenue receipts.
2. Fiscal deficit is the excess of total expenditure over total receipts excluding borrowings.
3. Primary deficit is the fiscal deficit minus interest payments.
Which of the statements given above are correct?