Discussion
Which of the following indicates that the government cannot meet its current expenditure from current revenue?
Answer: B
A revenue deficit shows that the government's current (revenue) expenditure is greater than its revenue receipts, so it cannot meet its current expenditure out of its current revenue and must borrow for it. The fiscal deficit is the total borrowing need, and the primary deficit is the fiscal deficit minus interest payments. The answer is revenue deficit, option B.
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