ENTREPRENEURSHIP

Detailed explanation-1: -The primary balance is the fiscal balance excluding net interest payments on public debt. That is, the primary balance is the difference between the amount of revenue a government collects and the amount it spends on providing public goods and services.

Detailed explanation-2: -What is general government structural balance (% of potential GDP)? The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle.

Detailed explanation-3: -The structural budget balance is the government’s actual fiscal position purged of the estimated budgetary consequences of the business cycle, and is designed in part to provide an indication of the medium-term orientation of fiscal policy.

Detailed explanation-4: -Fiscal balance, sometimes also referred to as the government budget balance, is calculated as the difference between a government’s revenues (taxes and proceeds from asset sales) and its expenditures.