Which among the following indicates the total borrowing requirements of Government from all sources?
- Revenue deficit refers to the excess of revenue expenditure over revenue receipts.
- Effective revenue deficit is the difference between revenue deficit and grants for creation of capital assets.
- Fiscal deficit is the difference between the revenue receipts plus non-debt capital receipts and the total expenditure including loans, net of repayments. This indicates the total borrowing requirements of Government from all sources.
- Primary deficit is measured by fiscal deficit less interest payments.
This question is a part of GKToday's Integrated IAS General Studies Module