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Date : Sep 15, 2014
Table 105 : Centre’s Gross Fiscal Deficit and its Financing

(` Billion)

Year

GFD receipts

GFD expenditure

Gross fiscal deficit (3-2)

 

Financing of GFD

External finance

Internal finance

Market borrowings

Other borrowings

Draw down of cash balances

Total (6+7+8)

1

2

3

4

5

6

7

8

9

1985-86

280.35

498.93

218.58

14.49

48.84

102.09

53.16

204.09

1986-87

330.83

594.25

263.42

20.24

55.32

105.25

82.61

243.18

1987-88

370.37

640.81

270.44

28.93

58.62

124.73

58.16

241.51

1988-89

435.91

745.14

309.23

24.60

84.18

144.03

56.42

284.63

1989-90

522.96

879.28

356.32

25.95

74.04

150.41

105.92

330.37

1990-91

549.54

995.86

446.32

31.81

80.01

221.03

113.47

414.51

1991-92

690.69

1053.94

363.25

54.21

75.10

165.39

68.55

309.04

1992-93

760.89

1162.62

401.73

53.19

36.76

188.66

123.12

348.54

1993-94

754.05

1356.62

602.57

50.74

289.28

152.95

109.60

551.83

1994-95

966.91

1543.94

577.03

35.82

203.26

328.34

9.61

541.21

1995-96

1115.27

1717.70

602.43

3.18

340.01

161.17

98.07

599.25

1996-97

1267.34

1934.68

667.33

29.87

190.93

314.69

131.84

637.46

1997-98

1347.98

2237.35

889.37

10.91

324.99

562.57

-9.10

878.46

1998-99

1553.59

2687.07

1133.49

19.20

689.88

426.50

-2.09

1114.29

1999-00

1832.06

2879.22

1047.16

11.80

620.76

405.97

8.64

1035.37

2000-01

1947.30

3135.46

1188.16

75.05

734.31

390.77

-11.97

1113.11

2001-02

2049.52

3459.07

1409.55

56.01

908.12

460.38

-14.96

1353.54

2002-03

2339.85

3790.57

1450.72

-119.34

1041.26

509.97

18.83

1570.06

2003-04

2807.65

4040.38

1232.73

-134.88

888.70

518.33

-39.42

1367.61

2004-05

3104.15

4362.09

1257.94

147.53

509.40

615.62

-14.61

1110.41

2005-06

3486.58

4950.93

1464.35

74.72

1062.41

536.10

-208.88

1389.63

2006-07

4349.21

5774.94

1425.73

84.72

1148.01

147.82

45.17

1341.01

2007-08

5806.59

7075.71

1269.12

93.15

1306.00

141.68

-271.71

1175.97

2008-09

5408.25

8778.17

3369.92

110.15

2469.75

351.68

438.34

3259.77

2009-10

5973.92

10158.74

4184.82

110.38

3943.71

144.60

-13.86

4074.44

2010-11

8113.17

11849.08

3735.91

235.56

3263.99

172.06

64.30

3500.35

2011-12

7695.25

12855.15

5159.90

124.48

4841.11

354.21

-159.90

5035.42

2012-13

9051.22

13953.12

4901.90

72.01

5074.45

265.56

-510.12

4829.89

2013-14

10550.93

15796.32

5245.39

54.40

4603.43

437.56

150.00

5190.99

2014-15

12531.88

17843.65

5311.77

57.34

4813.04

269.79

171.60

5254.43

Notes : 1. Data for 2013-14 are Revised Estimates and data for 2014-15 are Budget Estimates.
2. GFD receipts includes revenue receipts and disinvestments proceeds from 1991-92 onwards and only revenue receipts for all other years.
3. GFD expenditure includes revenue expenditure, capital outlay and loans and advances net of recoveries.
4. Drawdown of cash balances represent variation in ad hoc treasury bills issued net of changes in cash balances with RBI up to March 31,1997.
5. Market Borrowing include dated securities and 364-day treasury bills. It also includes the net impact of buy back of market loans amounting to ` 150 billion in 2013-14.
6. Other borrowings comprise small savings, state provident fund, special deposits, reserve funds, treasury bills excluding 364-day treasury bills,etc.
Also see Notes on Tables.
Source : Budget documents of the Government of India.


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