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As Per the government budget , the interest payments are estimated at ₹10 , 000 crores , which is 40% of primary deficit . Calculate fiscal deficit ? |
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Answer» Solution :Let , Primary Deficit = x Interest Payment = `40%` of x =`0.40` x ₹ 10 , 000 CRORES = `0.40` x x = ₹ 10 , 000 crores `div 0. 40` =₹ 25 , 000 crores Primary Deficit= FISCAL Deficit - Interest Payment ₹ 25 , 000 crores = Fiscal Deficit-₹ 10 , 000 crores Fiscal Deficit =₹ 25, 000 crores +₹ 10 , 000 crores =₹ 35 , 000 crores. |
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