Revenue Deficit
- gov total revenue total expenses (excluding borrowing)
- doesn’t take into account capital receipts or borrowings, focuses only on day to day revenue
Fiscal Deficit
- broader measure
- difference between total spending and total revenue incl. borrowings
- shows how much govt needs to borrow
Primary Deficit
- similar to fiscal deficit but excludes interest payments on govt past borrowings
- considers financial health of govt without burden of interest payments