CBSE Class 12-commerce Answered
What
is meant by zero primary deficit?
Asked by Topperlearning User | 19 Apr, 2016, 09:14: AM
Expert Answer
Primary deficit means the government resort to borrowings only to pay the pending interest payments. It does not create additional loans to the existing loans but meet the existing interest payment. It is a sign of fiscal discipline on the part of government.
Answered by | 19 Apr, 2016, 11:14: AM
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