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| (Rupees crore)
| Year | Fiscal Deficit
| Primary Deficit
| Net RBI | Revenue |
| Gross
| Net
| Gross
| Net
| Credit $
| Deficit
| 1
| 2
| 3
| 4
| 5
| 6
| 7
| 1990-91 | 44,632 | 30,692 | 23,134 | 17,924 | 14,746 | 18,562 | | | | | | | | | 1991-92 | 36,325 | 24,624 | 9,729 | 8,961 | 5,508 | 16,261 | | | | | | | | | 1992-93 | 40,173 | 30,232 | 9,098 | 11,644 | 4,257 | 18,574 | | | | | | | | | 1993-94 | 60,257 | 45,994 | 23,516 | 24,331 | 260 | 32,716 | | | | | | | | | 1994-95 | 57,703 | 40,313 | 13,644 | 12,050 | 2,130 | 31,029 | | | | | | | | | 1995-96 | 60,243 | 42,432 | 10,198 | 10,806 | 19,855 | 29,731 | | | | | | | | | 1996-97 | 66,733 | 46,394 | 7,255 | 9,022 | 1,934 | 32,654 | | | | | | | | | 1997-98 | 88,937 | 63,062 | 23,300 | 22,748 | 12,914 | 46,449 | | | | | | | | | 1998-99 | 1,13,349 | 79,944 | 35,467 | 32,124 | 11,800 | 67,909 | | | | | | | | | 1999-2000 (RE) | 1,08,898 | 96,116 | 17,473 | 38,835 | -5,587 | 73,532 | | | | | | | | | 2000-2001 (BE) | 1,11,275
| 1,00,344
| 10,009
| 35,799
| ..
| 77,425
| | | As Percentage to GDP at Current Market Prices *
| 1990-91 | 8.33 | 5.73 | 4.32 | 3.35 | 2.75 | 3.47 | | | | | | | | | 1991-92 | 5.89 | 3.99 | 1.58 | 1.45 | 0.89 | 2.64 | | | | | | | | | 1992-93 | 5.69 | 4.28 | 1.29 | 1.65 | 0.60 | 2.63 | | | | | | | | | 1993-94 | 7.01 | 5.35 | 2.74 | 2.83 | 0.03 | 3.81 | | | | | | | | | 1994-95 | 5.71 | 3.99 | 1.35 | 1.19 | 0.21 | 3.07 | | | | | | | | | 1995-96 | 5.10 | 3.59 | 0.86 | 0.91 | 1.68 | 2.52 | | | | | | | | | 1996-97 | 4.90 | 3.41 | 0.53 | 0.66 | 0.14 | 2.40 | | | | | | | | | 1997-98 | 5.87 | 4.16 | 1.54 | 1.50 | 0.85 | 3.06 | | | | | | | | | 1998-99 | 6.43 | 4.54 | 2.01 | 1.82 | 0.67 | 3.85 | | | | | | | | | 1999-2000(RE) | 5.59 | 4.93 | 0.90 | 1.99 | -0.29 | 3.77 | | | | | | | | | 2000-2001(BE) | 5.10 # | 4.60 @ | 0.46 @ | 1.64 @ | .. | 3.55 @ | | | | | | | | | Average | | | | | | | (1991-92 to | 5.83 | 4.16 | 1.49 | 1.50 | 0.64 | 3.00 | 1998-99)
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RE | Revised Estimates. | BE | Budget Estimates. | .. | Not Available. | (-) | Indicates Surplus. |
$ | As per Reserve Bank records after closure of Government accounts. | | | | * | The GDP figures are based on new series with 1993-94 as base year from 1993-94 onwards, prior to that GDP base is at 1980-81 prices. | | | | # | As per the Union Budget Speech 2000-2001. | | | | @ | Worked out on the basis of the implicit nominal GDP underlying the Budget Estimates of GFD/GDP ratio of 5.1 per cent for 2000-01. |
Note: | The revenue deficit denotes the difference between revenue receipts and revenue expenditure. The net RBI credit to the Central Government is the sum of the increase in the RBI's holdings of i ) Treasury Bills, ii) Government of India dated securities, iii) rupee coins and iv) Loans and Advances from the Reserve Bank to Centre since April 1, 1997 adjusted for changes in Centre's cash balances with the Reserve Bank. The gross fiscal deficit is the excess of total expenditure including loans, net of recovery over revenue receipts (including external grants) and non-debt capital receipts. GFD excludes loans to States / Union Territories against Small Saving collection from 1999-2000 onwards. The net fiscal deficit is the difference between gross fiscal deficit and net lending. The gross primary deficit is the difference between the gross fiscal deficit and interest payments. The net primary deficit denotes net fiscal deficit minus net interest payments. | | | | Source: | Central Government budget documents and Reserve Bank records. |
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