Suppose the revenue expenditure is ₹ 80,000 crores and the revenue receipts of the Government are ₹ 60,000 crores. The Government budget also shows borrowings of ₹ 10,000 crores and interest payments of ₹ 6,000 crores. Which of the following statements are correct? 1. Revenue deficit is ₹ 20,000 crores. 2. Fiscal deficit is ₹ 10,000 crores. 3. Primary deficit is ₹ 4,000 crores. Select the correct answer using the code given below.
a
1 and 2 only
b
2 and 3 only
c
1 and 3 only
d
1, 2 and 3
Public FinanceDeficit CalculationsRevenue expenditureRevenue receiptsBorrowingsInterest paymentsRevenue deficitFiscal deficitPrimary deficit