Asked in History of the Middle EastFamous People
History of the Middle East
Who was known as madame deficit and why?
September 16, 2008 12:05PM
Queen Marie Antionette of France. The people blamed her for the bad economics in the country and claimed that she alone was the one to have spent all the money on her own pleasures.
Give the nickname of no the favourite of Marie Antoinette the queen of France?
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Asked in Financial Statements
On a balance sheet what does members' deficit mean?
Asked in Economics
What is the difference among fiscal deficit budget deficit revenue deficit and trade deficit?
Asked in Business and Industry
What is primary deficit?
Primary deficit is the gross deficit which is obtained by subtracting interest payments from budget deficit of any country of a particular year. We need to know the value of primary deficit, while calculating the fiscal deficit. Alternative Definition of Primary Deficit Primary deficit corresponds to the net borrowing, which is required to meet the expenditure excluding the interest payment. Primary Deficit = (Fiscal Deficit - Interest Payment) Statistical reports: Primary deficit ( in India) In the fiscal year 1999-2000: primary deficit was (-) Rs.2598.72 crore In the fiscal year 2000-2001: primary deficit was (-) Rs.1038.38 crore In the fiscal year 2001-2002: primary deficit was (-) Rs.2598.72 crore Over the last few year the fiscal status of India has improved. In the fiscal year 2006-07, the revenue deficit in India was 2%, primary deficit was 0.1% and fiscal deficit was 3.7 percent. The government of India budget for 2007-08 predicts a revenue deficit of 1.5%, primary deficit of -0.2% and fiscal deficit of 3.3 percent.
How many types of deficit in Indian budget?
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Asked in Economics
How do you calculate the surplus or deficit as a percentage of GDP?
Why was Marie Antoinette named madame deficit?
France was on the verge on bankruptcy (and actually did file for bankruptcy) and the French people, who had never trusted an Austrian woman as their Queen, blamed her, nicknaming her Madame Deficit. It was true that she spent money on dresses and her Petit Trianon and Hameau, but not nearly as much as all the queens before her had done. The Old Regime meant that the Aristocracy and especially the Royals lived a life of luxury and the bourgeoisie had to work hard to cope. That was just the way it had been for ages in Europe in the royal families all over the world.