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PDF - Appendix Table IV.1: Measures of Deficit of the Central Government ()
Date : Aug 28, 2000
Appendix Table IV.1: Measures of Deficit of the Central Government
 
 
 
 
 
 

(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)


 
 
 
 
 
 

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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