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UPSC Prelims 2025 Paper-I 📅 25 May, 2025

A country fiscal deficit stands at ₹50,000 crores. It is receiving ₹10,000 crores through non-debt creating capital receipts. The country interest liabilities are ₹1,500 crores.

What is the gross primary deficit?

A
₹48,500 crores
B
₹51,500 crores
C
₹58,500 crores
D
None of the above
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UPSC Prelims
2025 • 25 May, 2025 • Paper-I
A country fiscal deficit stands at ₹50,000 crores. It is receiving ₹10,000 crores through non-debt creating capital receipts. The country interest liabilities are ₹1,500 crores.

What is the gross primary deficit?
Correct Answer
₹48,500 crores
Gross Primary Deficit is calculated by subtracting Interest Payments from the Fiscal Deficit. Therefore, ₹50,000 crores minus ₹1,500 crores equals ₹48,500......
Ref/Book : UPSC Prelims 2025
Ref. Subject Economy
Chapter -
Ref. Topic Public Finance
Pg. No -
💡 Analysis & Explanation
Introduction ▼
Gross Primary Deficit is calculated by subtracting Interest Payments from the Fiscal Deficit. Therefore, ₹50,000 crores minus ₹1,500 crores equals ₹48,500 crores. Non-debt creating capital receipts are already accounted for when calculating the Fiscal Deficit.
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