Paper I · 6 Indian Economy & Planning · 6.3.1 Public finance

6.3.1.3 Measures of deficit: revenue, effective revenue, fiscal and primary deficit

A deficit measure tells you how far spending exceeds income and what kind of spending; the fiscal deficit is the headline measure because it equals the government's total borrowing need.

  • APPSC Paper I · Paper I
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • revenue deficit
  • fiscal deficit
  • primary deficit
  • effective revenue deficit
  • budgetary deficit
  • monetised deficit
  • ways and means advances
  • deficit financing

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

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