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Date : Sep 16, 2016
Table 104 : 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
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 10440.92 15469.50 5028.58 72.92 4756.26 391.11 -191.71 4955.66
2014-15 11391.18 16499.35 5108.17 129.33 4576.17 -374.85 777.52 4978.84
2015-16 12313.96 17664.86 5350.90 114.85 4514.89 942.00 -220.84 5236.05
2016-17 14335.22 19674.26 5339.04 190.94 4251.81 764.34 131.95 5148.10
Notes : 1. Data for 2015-16 are Revised Estimates and data for 2016-17 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 and net impact of switching off securities.
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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