Question
Controller General of Accounts has released data on India's fiscal deficit .Which of the following statements is/are incorrect with respect to India’s fiscal deficit ?
Controller General of Accounts has released data on India's fiscal deficit .Which of the following statements is/are incorrect with respect to India’s fiscal deficit ?
I.According to the data released by the Controller General of Accounts, India's fiscal deficit in the first five months of the financial year 2023-24 (FY24) stood at Rs 6.42 trillion, 36 per cent of the full-year target of Rs 18.99 trillion.
II.The primary deficit, which shows fiscal deficit without the interest payment, stood at Rs. 3.90 trillion, 38.9 per cent of the full-year target of Rs 7.06 trillion.
III.Moreover, the revenue deficit at Rs 2.84 trillion was 32.7 per cent of the full-year estimate of Rs 8.70 trillion.
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