important for interview.....

budget deficit---- jab expenditure income se jyada ho jaye kisi samay pe toh wo budget deficit hota hain...

1 revenue deficit- total revenue expenditure- total revenue receipts
maan lo govt ne project kiya ki use rs 1000 revenue milega or 750 uska expenditure hoga fir uska net gain hoga 250, lekin reality mein use revenue mila 850 aur expenditure hua 750 toh use net gain hua 100 ka ....toh use revenue deficit hua 150 rs ka( projected - actual revenue)

2 fiscal deficit --- total expenditure - total receipts
yeh hota hain revenue deficit ke karan, jab net gain hua toh netao ko different projects ke liye rs chahiye ..ab jab use already pehle hi 150 rs kam pad gye ya use or rs ki jarurat ho gai ..toh woh different jageh se paisa lega like bank ,investors etc...ab yeh paisa toh lautana hoga toh yeh ho gya fiscal deficit..

3---- primary deficit -- fiscal deficit - interest payments
ab jab pehle kami ko pura karne ke liye jab govt ko paise udhar lene pade toh uspe ab wo interest bhi dena hoga .....wo interest payment ho jayegi simply primary deficit

4---- current acc deficit --- imports - exports