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From the following data about the Government Budget , determine : (a) Non - debt Creating Capital Receipts , (b) Fiscal Deficit and (c) Primary Deficit : |
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Answer» Solution :Revenue Deficit = Revenue Expenditure - Revenue Receipts ₹ 8 , 000 crores = ₹ 15 , 000 crores- Revenue Receipts Revenue Receipts= ₹ 15 , 000 crores -₹ 8 , 000crores =₹ 7 , 000 crores Interest Payments = `30%` of Revenue Deficit=₹ 8 , 000 crores `XX (30)/(100)`=₹ 2, 400 crores (a) Non-DEBT Creating Capital Receipts= Total Receipts Excluding Borrowing- Revenue Receipts ₹20 , 000 crores - ₹7 , 000 crores = ₹ 13 , 000 crores (b) FISCAL Deficit =Total Expenditure - Total Receipts Excluding Borrowings = (Revenue Expenditure + Capital Expenditure ) -₹ 20 , 000crores = ( ₹ 15 , 000 crores +₹ 22 , 000 crores ) -₹ 20 , 000 crores =₹ 17 , 000 crores OR Fiscal Deficit = Revenue Deficit + ( Capital Expenditure - Non- debt Creating Capital Receipts ) =₹ 8 , 000 crores + ( ₹ 22, 000 crores -₹ 13 , 000 crores ) =₹ 17 , 000 crores (c) Primary Deficit= Fiscal Deficit - Interest Payments = ₹ 17 , 000 crores - ₹ 2,400 crores = ₹ 14 , 600 crores |
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