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BD = Budget Deficit

PBD = Primary Budget Deficit

iD = Debt Service Payments

G = Government spending

TR = Tax Revenue

TP = Transfer Payments

T = Net Tax Revenue

BD = PBD + iD

PBD = G - T

PBD = G - (TR - TP)

PBD = G - TR + TP

BD = G - TR + TP + iD

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Q: How do you calculate the budget deficit?
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