Finances of the Government of India : 2003 - 04 - Tables (Part 2 of 2)

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প্ৰকাশ কৰা তাৰিখ মে’ 19, 2003

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Finances of the Government of India : 2003 - 04 - Tables (Part 2 of 2)

Table 6 : Resources Transferred to States and Union Territory Governments

(Rupees crore)

Items

2001-02

2002-03

2003-04

Variation

(Accounts)

(Budget

(Revised

(Budget

Col. 4 over Col. 3

Col. 4 over Col. 2

Col. 5 over Col. 4

Estimates)

Amount

Per cent

Amount

Per cent

Amount

Per cent

State’s Share in Central Taxes

52,841

61,235

56,141

63,758

-5,094

-8.3

3,300

6.2

7,617

13.6

and Duties

Total Grants (i+ii)

42,489

48,786

44,985

52,160

-3,801

-7.8

2,496

5.9

7,175

15.9

Plan

27,162

29,596

29,975

33,791

379

1.3

2,813

10.4

3,816

12.7

ii)

Non-Plan @

15,327

19,190

15,010

18,369

-4,180

-21.8

-317

-2.1

3,359

22.4

Total Non-Plan Loans *

-394

590

2,592

421

2,002

339.3

2,986

-757.9

-2,171

-83.8

Plan Loans (i+ii)

24,922

24,630

22,275

23,772

-2,355

-9.6

-2,647

-10.6

1,497

6.7

Assistance for States &

24,515

22,172

23,646

-2,343

-9.6

1,474

6.6

Union Territory Plans

ii)

Assistance for Central &

115

103

126

-12

-10.4

22.3

Centrally Sponsored

Plan Schemes

Gross Transfers (A to D)

1,19,858

1,35,241

1,25,993

1,40,111

-9,248

-6.8

6,135

5.1

14,118

11.2

Recovery of Loans & Advances

10,026

13,463

11,379

13,488

-2,084

-15.5

1,353

13.5

2,109

18.5

Net Resources transferred to

1,09,832

1,21,778

1,14,614

1,26,623

-7,164

-5.9

4,782

4.4

12,009

10.5

States & UT Governments (E-F)

@ : Inclusive of subsidies released through States. * :Net of recovery of short-term loans and advances. NA : Not available. Source : Budget documents of Government of India.

Table 7 : Interest Payments by the Central Government

(Rupees crore)

Item

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

1998-99

1999-2000

2000-2001

2001-2002

2002-2003

2003-2004

(Acco-

(Revised

(Budget

unts)

Estimates)

Interest Payments on

9,814

11,317

13,541

15,588

19,168

22,179

27,233

31,270

39,832

49,280

58,817

59,609

66,682

74,382

Internal Debt

of which :

i) On Market Loans

6,366

7,355

8,147

9,258

13,205

15,400

19,125

22,170

28,362

38,106

46,214

48,518

55,207

62,026

ii) On 91/182/364 days

3,392

3,789

5,245

6,188

5,520

6,047

7,003

5,828

6,040

6,183

6,272

6,544

5,757

4,659

Treasury Bills

II.

Interest on External debt

1,834

2,704

3,529

3,724

4,026

4,414

4,223

4,110

4,364

4,508

4,413

4,317

4,511

3,288

III.

Interest on Small Savings,

5,537

6,942

7,568

10,288

12,392

13,309

16,855

18,340

19,410

26,021

26,321

28,188

29,931

30,415

Provident Funds etc.

IV.

Interest on Special Deposits

3,876

5,141

5,868

6,648

7,921

9,222

10,246

10,829

11,174

13,520

12,575

11,300

10,025

10,320

of Non-Government Provident

Funds etc.

Interest on Reserve Funds

112

138

159

170

220

253

378

508

444

332

161

114

186

222

VI.

Interest on Other Obligations

325

354

410

323

333

668

543

580

2,658

862

854

627

1,205

1,260

VII.

Others

3,101

3,454

3,336

Total Interest Payments (I to VII)

21,498

26,596

31,075

36,741

44,060

50,045

59,478

65,637

77,882

94,593

1,03,224

1,07,256

1,15,994@

1,23,223

@ : Includes prepayment premium. Note : The data are taken from the Finance Accounts and Expenditure Budget (volume 2) and the aggregate figures for interest payments for some years may not tally with the data presentedelsewhere. Source : Finance Accounts of Government of India and Budget documents of the Government of India.

Table 8 : Outstanding Liabilities of Central Government
							(Rupees crore)

Year	Internal	Of which:	Small	Other	Reserve	Total	External	Total
(EndMarch)	Debt	Market	Savings,	Accounts +	Fund and	Domestic	Liabilities*	Liabilities
		Loans	Deposits &		Deposits++	Liabilities		(7+8)
			Provident			(2+4+5+6)
			Funds

1	2	3	4	5	6	7	8	9

1990-91	1,54,004	70,520	61,771	45,336	21,922	2,83,033	31,525	3,14,558
	(27.1)	(12.4)	(10.9)	(8.0)	(3.9)	(49.8)	(5.5)	(55.3)
1991-92	1,72,750	78,023	69,682	51,818	23,464	3,17,714	36,948	3,54,662
	(26.5)	(11.9)	(10.7)	(7.9)	(3.6)	(48.6)	(5.7)	(54.3)
1992-93	1,99,100	81,693	77,005	59,797	23,753	3,59,655	42,269	4,01,924
	(26.6)	(10.9)	(10.3)	(8.0)	(3.2)	(48.1)	(5.6)	(53.7)
1993-94	2,45,712	1,10,611	87,877	72,477	24,556	4,30,623	47,345	4,77,968
	(28.6)	(12.9)	(10.2)	(8.4)	(2.9)	(50.1)	(5.5)	(55.6)
1994-95	2,66,467	1,30,908	1,06,435	85,787	28,993	4,87,682	50,929	5,38,611
	(26.3)	(12.9)	(10.5)	(8.5)	(2.9)	(48.2)	(5.0)	(53.2)
1995-96	3,07,869	1,63,986	1,21,425	92,010	33,680	5,54,983	51,249	6,06,232
	(25.9)	(13.8)	(10.2)	(7.7)	(2.8)	(46.7)	(4.3)	(51.0)
1996-97	3,44,476	1,84,101	1,38,955	1,00,088	37,919	6,21,437	54,239	6,75,676
	(25.2)	(13.5)	(10.2)	(7.3)	(2.8)	(45.4)	(4.0)	(49.4)
1997-98	3,88,998	2,16,598	1,67,780	1,24,087	42,097	7,22,962	55,332	7,78,294
	(25.5)	(14.2)	(11.0)	(8.1)	(2.8)	(47.5)	(3.6)	(51.1)
1998-99	4,59,696	2,85,585	2,06,458	1,26,802	41,595	8,34,552	57,254	8,91,806
	(26.4)	(16.4)	(11.9)	(7.3)	(2.4)	(47.9)	(3.3)	(51.2)
1999-2000	7,14,254 #	3,55,862	66,406 #	1,34,425	47,508	9,62,592	58,437	10,21,029
	(36.9)	(18.4)	(3.4)	(6.9)	(2.5)	(49.7)	(3.0)	(52.7)
2000-01	8,03,698	4,28,793	96,344	1,44,020	58,535	11,02,597	65,945	11,68,542
	(38.2)	(20.4)	(4.6)	(6.8)	(2.8)	(52.4)	(3.1)	(55.5)
2001-02	9,13,061	5,16,517	1,44,511	1,64,157	73,133	12,94,862	71,546	13,66,408
	(39.8)	(22.5)	(6.3)	(7.1)	(3.2)	(56.4)	(3.1)	(59.5)
2002-03 (RE)	10,37,163	6,21,470	2,03,560	1,77,467	86,035	15,04,225	57,650	15,61,875
	(42.1)	(25.2)	(8.3)	(7.2)	(3.5)	(61.0)	(2.3)	(63.3)
2003-04 (BE)	11,58,639	7,28,664	2,67,440	1,91,803	101,251	17,19,133	60,931	17,80,064
	(42.2)	(26.6)	(9.7)	(7.0)	(3.7)	(62.7)	(2.2)	(64.9)

RE : Revised Estimates. BE : Budget Estimates. + Include mainly Postal Insurance and Life Annuity Fund, borrowings under Compulsory Deposits and Income-Tax Annuity Deposits, Special Deposits of non- Government Provident Funds. ++ Include Depreciation Reserve Fund of Railways and Dept. of Posts and Dept. of Telecommunications, Deposits of Local Funds, Departmental and Judicial Deposits, Civil Deposits, etc. * At historical rate of exchange. # The sharp increase in internal debt and corresponding decline in small savings and provident funds in 1999-2000 is due to conversion of other liabilities(small savings, deposits and public provident funds) amounting to Rs. 1,80,273 crore into Central government securities. Note : Figures in brackets are percentages to GDP. Source : Budget Documents of the Government of India.

Table 9 : Key Fiscal Indicators
										(Rupees crore)

		1994-95	1995-96	1996-97	1997-98	1998-99	1999-2000	2000-2001	2001-2002	2002-2003	2002-2003	2003-2004
	Items	(Accounts)	(Accounts)	(Accounts)	(Accounts)	(Accounts)	(Accounts)	(Accounts)	(Accounts)	(Budget	(Revised	(Budget
										Estimates)	Estimates)	Estimates)

	1	2	3	4	5	6	7	8	9	10	11	12

1.	Conventional Deficit/Drawing	961	9,807	13,184	-910	-209	864	1,197	-1,496	-	5298	-
	down of Cash Balances	(0.1)	(0.8)	(1.0)	-(0.1)	(0.0)	(0.0)	(0.1)	-(0.1)	(0.0)	(0.2)	(0.0)
2.	Gross Fiscal Deficit	57,703	60,243	66,733	88,937	1,13,348	1,04,716	1,18,816	1,40,955	1,35,524	1,45,466	1,53,637
		(5.7)	(5.1)	(4.9)	(5.8)	(6.5)	(5.4)	(5.6)	(6.1)	(5.3)	(5.9)	(5.6)
3.	Revenue Deficit	31,029	29,731	32,654	46,449	66,976	67,596	85,234	1,00,162	95,377	104,712	1,12,292
		(3.1)	(2.5)	(2.4)	(3.1)	(3.8)	(3.5)	(4.1)	(4.4)	(3.7)	(4.2)	(4.1)
4.	Net RBI Credit to Centre	2,130	19,855	1,934	12,914	11,800	-5,588	6,705	-5,150	NA	-25,369*	N.A
		(0.2)	(1.7)	(0.1)	(0.8)	(0.7)	-(0.3)	(0.3)	-(0.2)	(-0.0)	-(1.0)	(0.0)
5.	Gross Primary Deficit	13,643	10,198	7,255	23,300	35,466	14,467	19,502	33495	18,134	29,803	30,414
		(1.3)	(0.9)	(0.5)	(1.5)	(2.0)	(0.7)	(0.9)	(1.5)	(0.7)	(1.2)	(1.1)
6.	Net Primary Deficit	12,050	10,806	9,022	22,748	32,124	33,539	40,904	51,129	48,338	56,605	57,312
		(1.2)	(0.9)	(0.7)	(1.5)	(1.8)	(1.7)	(1.9)	(2.2)	(1.9)	(2.3)	(2.1)
7.	Subsidies	11,854	12,666	15,499	18,540	23,593	24,487	26,838	31,207	39,801	44,618	49,907
	of which :	(1.2)	(1.1)	(1.1)	(1.2)	(1.4)	(1.3)	(1.3)	(1.4)	(1.6)	(1.8)	(1.8)
	i) Food	5,100	5,377	6,066	7,900	9,100	9,435	12,060	17,499	21,200	24,200	27,800
		(0.5)	(0.5)	(0.4)	(0.5)	(0.5)	(0.5)	(0.6)	(0.8)	(0.8)	(1.0)	(1.0)
	ii) Fertiliser	5,769	6,735	7,578	9,918	11,596	13,244	13,800	12,595	11,228	11,009	12,720
		(0.6)	(0.6)	(0.6)	(0.7)	(0.7)	(0.7)	(0.7)	(0.5)	(0.4)	(0.4)	(0.5)
8.	DefenceExpenditure	23,245	26,856	29,505	35,278	39,897	47,071	49,622	54,266	65,000	56,000	65,300
		(2.3)	(2.3)	(2.2)	(2.3)	(2.3)	(2.4)	(2.4)	(2.4)	(2.5)	(2.3)	(2.4)
9.	Interest Payments	44,060	50,045	59,478	65,637	77,882	90,249	99,314	1,07,460	1,17,390	1,15,663	1,23,223
		(4.4)	(4.2)	(4.3)	(4.3)	(4.5)	(4.7)	(4.7)	(4.7)	(4.6)	(4.7)	(4.5)
10.	Total Non-Plan Expenditure	1,13,361	1,31,901	1,47,473	1,72,976	2,12,522	2,21,871	2,42,923	2,61,259	2,96,809	2,89,924	3,17,821
		(11.2)	(11.1)	(10.8)	(11.4)	(12.2)	(11.5)	(11.5)	(11.4)	(11.6)	(11.8)	(11.6)
11.	Budgetary Support to Public	8,205	6,418	6,834	7,555	7,576	9,103	10,493	13,488	13,389	15,232	15,137
	Enterprises **	(0.8)	(0.5)	(0.5)	(0.5)	(0.4)	(0.5)	(0.5)	(0.6)	(0.5)	(0.6)	(0.6)
12.	Interest Receipts	15,797	18,419	22,106	25,323	30,076	33,895	32,811	35,515	41,660	40,571	39,160
		(1.6)	(1.6)	(1.6)	(1.7)	(1.7)	(1.7)	(1.6)	(1.5)	(1.6)	(1.6)	(1.4)
13.	Interest Payments as per cent	48.4	45.4	47.1	49.0	52.1	49.7	51.6	53.3	47.9	48.8	48.5
	of revenue receipts
14.	Revenue Deficit as per cent of	53.8	49.4	48.9	52.2	59.1	64.6	71.7	71.1	70.4	72.0	73.1
	Gross Fiscal Deficit
15	Net RBI Credit to Centre as	3.7	33.0	2.9	14.5	10.4	-5.3	5.6	-3.7	NA	-17.4	0.0
	per cent of Gross Fiscal Deficit

* : As on March 31, 2003 (before closure of Government Accounts). : Figures relate to revised estimates for all years except the budget estimates. N.A. : Not available. Note :** 1) Figures in brackets are per cent to GDP. 2) GFD excludes the transfer of small savings collection to States since 1999-2000. Source : Budget documents of the Government of India, 2003-04.