Finances of the Government of India : 2003 - 04 - Tables (Part 1 of 2)

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এই তারিখে প্রকাশিত মে 19, 2003

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Finances of the Government of India : 2003 - 04 - Tables (Part 1 of 2)

Table 1 : Budget at a Glance
(Rupees crore)

		Items		2001-	2002-	2002-	2003-	Variation
				2002	2003	2003	2004
				(Accounts)	(Budget	(Revised	(Budget	Col. 4 over Col. 3		Col. 4 over Col. 2		Col. 5 over Col. 4
					Estimates)	Estimates)	Estimates)	Amount	Per cent	Amount	Per cent	Amount	Per cent

		1		2	3	4	5	6	7	8	9	10	11

1.	Revenue Receipts (i+ii)			2,01,449	2,45,105	2,36,936	2,53,935	-8,169	-3.3	35,487	17.6	16,999	7.2
	i)	Tax Revenue (Net to Centre)		1,33,662	1,72,965	1,64,177	1,84,169	-8,788	-5.1	30,515	22.8	19,992	12.2
	ii)	Non-tax Revenue		67,787	72,140	72,759	69,766	619	0.9	4,972	7.3	-2,993	-4.1
	of which:
	Interest Receipts			35,515	41,660	40,571	39,160	-1,089	-2.6	5,056	14.2	-1,411	-3.5
2.	CapitalReceipts			1,61,004	1,65,204	1,67,077	1,84,860	1,873	1.1	6,073	3.8	17,783	10.6
	of which:
	i)	Market Borrowings		87,724	95,859	1,12,865	1,07,194	17,006	17.7	25,141	28.7	-5,671	-5.0
	ii)	Recoveries of Loans		16,403	17,680	18,251	18,023	571	3.2	1,848	11.3	-228	-1.2
	iii)	Disinvestment of equity in PSUs		3,646	12,000	3,360	13,200	-8,640	-72.0	-286	-7.8	9,840	292.9
3.	Total Receipts (1+2)			3,62,453	4,10,309	4,04,013	4,38,795	-6,296	-1.5	41,560	11.5	34,782	8.6
4.	Revenue Expenditure (i + ii)			3,01,611	3,40,482	3,41,648	3,66,227	1,166	0.3	40,037	13.3	24,579	7.2
	i)	Non-Plan		2,39,954	2,70,169	2,68,979	2,89,384	-1,190	-0.4	29,025	12.1	20,405	7.6
	ii)	Plan		61,657	70,313	72,669	76,843	2,356	3.4	11,012	17.9	4,174	5.7
5.	Capital Expenditure (i + ii)			60,842	69,827	62,365	72,568	-7,462	-10.7	1,523	2.5	10,203	16.4
	i)	Non-Plan		21,305	26,640	20,945	28,437	-5,695	-21.4	-360	-1.7	7,492	35.8
	ii)	Plan		39,537	43,187	41,420	44,131	-1,767	-4.1	1,883	4.8	2,711	6.5
6.	Total Non-Plan Expenditure (4i + 5i)			2,61,259	2,96,809	2,89,924	3,17,821	-6,885	-2.3	28,665	11.0	27,897	9.6
	of which:
	i)	Interest Payments		1,07,460	1,17,390	1,15,663	1,23,223	-1,727	-1.5	8,203	7.6	7,560	6.5
	ii)	Defence		54,266	65,000	56,000	65,300	-9,000	-13.8	1,734	3.2	9,300	16.6
	iii)	Subsidies		31,207	39,801	44,618	49,907	4,817	12.1	13,411	43.0	5,289	11.9
7.	Total Plan Expenditure (4ii + 5ii)			1,01,194	1,13,500	1,14,089	1,20,974	589	0.5	12,895	12.7	6,885	6.0
8.	Total Expenditure (6+7=4+5)			3,62,453	4,10,309	4,04,013	4,38,795	-6,296	-1.5	41,560	11.5	34,782	8.6
9.	Revenue Deficit (4-1)			1,00,162	95,377	1,04,712	1,12,292	9,335	9.8	4,550	4.5	7,580	7.2
10.	Gross Fiscal Deficit			1,40,955 @	1,35,524	1,45,466	1,53,637	9,942	7.3	4,511	3.2	8,171	5.6
	(8-(1+2ii+2iii))
11.	Gross Primary Deficit (10-6i)			33,495	18,134	29,803	30,414	11,669	64.3	-3,692	-11.0	611	2.1
12.	Net Fiscal Deficit			1,23,074	1,24,068	1,31,697	1,41,375	7,629	6.1	8,623	7.0	9,678	7.3
13.	Net Primary Deficit			51,129	48,338	56,605	57,312	8,267	17.1	5,476	10.7	707	1.2
14.	NetRBI Credit to Centre #			-5,150	NA	-25,369*	NA	-	-	-	-	-	-

@			Based on Provisional Accounts.
*			As on March 31, 2003 (before closure of Government Accounts).
#			As per RBI records.
( - )			: Indicates surplus.
NA			: Not available.
Notes			: 1) Capital Receipts are net of repayments.
			2) Market borrowings include Short-term borrowings.
Source			: Budget documents of Government of India, 2003-2004.

Table 2 : Transactions on Revenue Account
(Rupees crore)

	Items	2001-2002	2002-2003	2002-2003	2003-2004	Variation
		(Accounts)	(Budget	(Revised	(Budget	Col. 4 over Col. 3		Col. 4 over Col. 2		Col. 5 over Col. 4
			Estimates)	Estimates)	Estimates)	Amount	Per cent	Amount	Per cent	Amount	Per cent

	1	2	3	4	5	6	7	8	9	10	11

I.	Revenue Receipts (A+B)	2,01,449	2,45,105	2,36,936	2,53,935	-8,169	-3.3	35,487	17.6	16,999	7.2
A.	Tax Revenue (Net to Centre) (a-b-c)	1,33,662	1,72,965	1,64,177	1,84,169	-8,788	-5.1	30,515	22.8	19,992	12.2
	a. Gross Tax Revenue	1,87,060	2,35,800	2,21,918	2,51,527	-13,882	-5.9	34,858	18.6	29,609	13.3
	of which :
1.	Corporation Tax	36,609	48,616	44,700	51,499	-3,916	-8.1	8,091	22.1	6,799	15.2
2.	Taxes on Income other than	32,004	42,524	37,300	44,070	-5,224	-12.3	5,296	16.5	6,770	18.2
	Corporation Tax
3.	Customs Duty	40,268	45,193	45,500	49,350	307	0.7	5,232	13.0	3,850	8.5
4.	Union Excise Duty	72,555	91,433	87,383	96,791	-4,050	-4.4	14,828	20.4	9,408	10.8
5.	ServiceTax	3,302	6,026	5,000	8,000	-1,026	-17.0	1,698	51.4	3,000	60.0
6.	Taxes of Uts (Net of assignments
	to local bodies)	498	513	540	557	27	5.3	42	8.4	17	3.1
7.	Other Taxes and Duties	1,824	1,495	1,495	1,260	0	0.0	-329	-18.0	-235	-15.7
	b. States’share	52,841	61,235	56,141	63,758	-5,094	-8.3	3,300	6.2	7,617	13.6
	c. Surcharge transferred to NCCF	557	1,600	1,600	3,600	0	0.0	1,043	187.3	2,000	125.0
B.	Non-Tax Revenue	67,787	72,140	72,759	69,766	619	0.9	4,972	7.3	-2,993	-4.1
	of which :
1.	Interest Receipts	35,515	41,660	40,571	39,160	-1,089	-2.6	5,056	14.2	-1,411	-3.5
2.	Dividends and Profits	17,289	18,805	20,194	17,861	1,389	7.4	2,905	16.8	-2,333	-11.6
3.	External Grants	1,752	859	982	1,461	123	14.3	-770	-43.9	479	48.8
4.	Non-tax Receipts of UTs	521	508	523	546	15	3.0	2	0.4	23	4.4

II.	Revenue Expenditure (A+B)	3,01,611	3,40,482	341,648	366,227	1,166	0.3	40,037	13.3	24,579	7.2
A.	Non-Plan Expenditure	2,39,954	2,70,169	268,979	289,384	-1,190	-0.4	29,025	12.1	20,405	7.6
	of which :
1.	Interest Payments	1,07,460	1,17,390	115,663	123,223	-1,727	-1.5	8,203	7.6	7,560	6.5
2.	Defence Revenue Expenditure	38,059	43,589	41,088	44,347	-2,501	-5.7	3,029	8.0	3,259	7.9
3.	Subsidies	31,207	39,801	44,618	49,907	4,817	12.1	13,411	43.0	5,289	11.9
4.	Non-Plan Grants to States and UTs	15,327	19,190	15,010	18,369	-4,180	-21.8	-317	-2.1	3,359	22.4
B.	Plan Expenditure (1+2)	61,657	70,313	72,669	76,843	2,356	3.4	11,012	17.9	4,174	5.7
1.	Central Plan	42,017	48,666	49,483	52,123	817	1.7	7,466	17.8	2,640	5.3
2.	Central Assistance for State	19,640	21,647	23,186	24,720	1,539	7.1	3,546	18.1	1,534	6.6
	and UT Plans
III.	Revenue Deficit (-)/Surplus(+) [ I-II ]	-1,00,162	-95,377	-1,04,712	-1,12,292

Source : Budget Documents of the Government of India, 2003-2004.

TABLE 3 : Transactions on Capital Account
(Rupees crore)

		Items		2001-2002	2002-2003	2002-2003	2003-2004	Variation
				(Accounts)	(Budget	(Revised	(Budget	Col. 4 over Col. 3		Col. 4 over Col. 2		Col. 5 over Col. 4
					Estimates)	Estimates)	Estimates)	Amount	Per cent	Amount	Per cent	Amount	Per cent

		1		2	3	4	5	6	7	8	9	10	11

I.	Capital Receipts (1 to 8)			1,61,004	1,65,204	1,67,077	1,84,860	1,873	1.1	6,073	3.8	17,783	10.6
	1.	Market Borrowings		87,724	95,859	1,12,865	1,07,194	17,006	17.7	25,141	28.7	-5,671	-5.0
	2.	Small Savings, Public Provident
		Funds etc*.		8,755	8,000	-	-	-8,000	-100.0	-8,755	-100.0	-	-
	3.	State Provident Funds		4,173	10,000	8,500	7,500	-1,500	-15.0	4,327	103.7	-1,000	-11.8
	4.	SpecialDeposits		8,070	9,898	10,280	9,970	382	3.9	2,210	27.4	-310	-3.0
	5.	Recovery of Loans and Advances		16,403	17,680	18,251	18,023	571	3.2	1,848	11.3	-228	-1.2
	6.	Disinvestment of equity holding in
		public sector enterprises		3,646	12,000	3,360	13,200	-8,640	-72.0	-286	-7.8	9,840	292.9
	7.	ExternalBorrowings		5,601	770	-13,496	3,582	-14,266	-	-19,097	-	17,078	-
	8.	Others #		26,632 @	10,997	27,317 @	25,391	16,320	148.4	685	2.6	-1,926	-7.1

II.	Capital Expenditure (1+2+3)			60,842	69,827	62,365	72,568	-7,462	-10.7	1,523	2.5	10,203	16.4
	1.	Non Plan Expenditure		21,305	26,640	20,945	28,437	-5,695	-21.4	-360	-1.7	7,492	35.8
		of which:
		Defence Capital		16,207	21,411	14,912	20,953	-6,499	-30.4	-1,295	-8.0	6,041	40.5
	2.	Plan Expenditure (i+ii)		39,537	43,187	41,420	44,131	-1,767	-4.1	1,883	4.8	2,711	6.5
		i) Central Plan		18,193	18,205	18,735	20,028	530	2.9	542	3.0	1,293	6.9
		ii) Central Assistance for State		21,344	24,982	22,685	24,103	-2,297	-9.2	1,341	6.3	1,418	6.3
		and UT Plans

III.	Capital Surplus(+)/Deficit(-) [I-II]			+1,00,162	+95,377	+1,04,712	+1,12,292

*			Since 2002-03, all the net amount collected through small savings is transferred to States / UTs.
#			Comprises Reserve Funds, Deposits and Advances, Relief Bonds, etc.
@			Also includes draw down of cash balances.
Note			: Capital Receipts are net of repayments.
Source			: Budget documents of Government of India, 2003-2004.

Table 4 : Central Plan Outlay by Heads of Development
										(Rupees crore)

	Items		2001-02	2002-03	2002-03	2003-04	Variation
			(Revised	(Budget	(Revised	(Budget	Col. 4 over Col. 3		Col. 4 over Col. 2		Col. 5 over Col. 4
			Estimates)	Estimates)	Estimates)	Estimates)	Amount	Per cent	Amount	Per cent	Amount	Per cent

	1		2	3	4	5	6	7	8	9	10	11

1.	Agriculture		3,551	3,733	3,219	3,866	-514	-13.8	-332	-9.3	647	20.1
			(2.8)	(2.6)	(2.4)	(2.6)
2.	Rural Development^*		8,197	7,973	12,834	8,181	4,861	61.0	4,637	56.6	-4,653	-36.3
			(6.4)	(5.5)	(9.4)	(5.5)
3.	Irrigation and Flood Control		428	443	381	443	-62	-14.0	-47	-11.0	62	16.3
			(0.3)	(0.3)	(0.3)	(0.3)
4.	Energy		29,787	36,306	36,825	43,379	519	1.4	7,038	23.6	6,554	17.8
	of which :		(23.3)	(25.2)	(26.9)	(29.3)
a)	Power		12,541	14,823	12,971	17,173	-1,852	-12.5	430	3.4	4,202	32.4
			(9.8)	(10.3)	(9.5)	(11.6)
b)	Petroleum		13,758	17,183	20,541	22,080	3,358	19.5	6,783	49.3	1,539	7.5
			(10.8)	(11.9)	(15.0)	(14.9)
5.	Industry and Minerals		7,324	7,993	7,114	7,598	-879	-11.0	-210	-2.9	484	6.8
			(5.7)	(5.5)	(5.2)	(5.1)
6.	Transport		30,077	32,041	27,812	28,784	-4,229	-13.2	-2,265	-7.5	972	3.5
			(23.5)	(22.2)	(20.3)	(19.5)
7.	Communications		18,906	19,540	14,214	14,903	-5,326	-27.3	-4,692	-24.8	689	4.8
			(14.8)	(13.6)	(10.4)	(10.1)
8.	Science, Technology and		3,506	4,414	4,022	4,696	-392	-8.9	516	14.7	674	16.8
	Environment		(2.7)	(3.1)	(2.9)	(3.2)
9.	Social Services		24,548	29,376	28,461	31,689	-915	-3.1	3,913	15.9	3,228	11.3
			(19.2)	(20.4)	(20.8)	(21.4)
10.	Others		1,532	2,219	1,985	4,354	-234	-10.5	453	29.6	2,369	119.3
			(1.2)	(1.5)	(1.5)	(2.9)
Total (1 to 10)			1,27,856	1,44,038	1,36,867	1,47,893	-7,171	-5.0	9,011	7.0	11,026	8.1
			(100.0)	(100.0)	(100.0)	(100.0)
To be financed by :
1.	BudgetarySupport		60,276	66,871	68,219	72,152	1,348	2.0	7,943	13.2	3,933	5.8
			(47.1)	(46.4)	(49.8)	(48.8)
2.	Internal and Extra Budgetary		67,580	77,167	68,648	75,741	-8,519	-11.0	1,068	1.6	7,093	10.3
	Resources (IEBR) of Public		(52.9)	(53.6)	(50.2)	(51.2)
	Social Enterprises, etc.

*		: Includes provisions for Rural Housing.
Note		: Figures in brackets represent percentage to total.
Source		: Budget documents of Government of India, 2003-04.

Table 5 : Financing of Gross Fiscal Deficit of the Central Government
								(Rupees crore)

		Financing of GFD
Year		Internal Finance					External	Total Finance/
		Market		Other	91-day Treasury	Total	Finance	GrossFiscal
		Borrowings		Liabilities @	Bills *	(2+3+4)		Deficit (5+6)

1		2		3	4	5	6	7

1990-91		8,001		22,103	11,347	41,451	3,181	44,632
		(17.9)		(49.5)	(25.4)	(92.9)	(7.1)	(100.0)
1991-92		7,510		16,539	6,855	30,904	5,421	36,325
		(20.7)		(45.5)	(18.9)	(85.1)	(14.9)	(100.0)
1992-93		3,676		18,866	12,312	34,854	5,319	40,173
		(9.2)		(47.0)	(30.6)	(86.8)	(13.2)	(100.0)
1993-94		28,928		15,295	10,960	55,183	5,074	60,257
		(48.0)		(25.4)	(18.2)	(91.6)	(8.4)	(100.0)
1994-95		20,326		32,834	961	54,121	3,582	57,703
		(35.2)		(56.9)	(1.7)	(93.8)	(6.2)	(100.0)
1995-96		33,087		17,031	9,807	59,925	318	60,243
		(54.9)		(28.3)	(16.3)	(99.5)	(0.5)	(100.0)
1996-97		20,012		30,550	13,184	63,746	2,987	66,733
		(30.0)		(45.8)	(19.8)	(95.5)	(4.5)	(100.0)
1997-98		32,499		56,257	-910	87,846	1,091	88,937
		(36.5)		(63.3)	-(1.0)	(98.8)	(1.2)	(100.0)
1998-99		68,988		42,650	-209	1,11,429	1,920	1,13,349
		(60.9)		(37.6)	-(0.2)	(98.3)	(1.7)	(100.0)
1999-2000		70,277		32,396	864	1,03,537	1,180	1,04,717
		(67.1)		(30.9)	(0.8)	(98.9)	(1.1)	(100.0)
2000-2001		72,931		39,577	-1,197	1,11,311	7,505	1,18,816
		(61.4)		(33.3)	-(1.0)	(93.7)	(6.3)	(100.0)
2001-2002		87,724		49,126	-1,496	1,35,354	5,601	1,40,955
		(62.2)		(34.9)	-(1.1)	(96.0)	(4.0)	(100.0)
2002-2003(BE)		95,859		38,895	0	1,34,754	770	1,35,524
		(70.7)		(28.7)	(0.0)	(99.4)	(0.6)	(100.0)
2002-2003(RE)		1,12,865		40,799	5,298	1,58,962	-13,496	1,45,466
		(77.6)		(28.0)	(3.6)	(109.3)	-(9.3)	(100.0)
2003-2004(BE)		1,07,194		42,861	0	1,50,055	3,582	1,53,637
		(69.8)		(27.9)	(0.0)	(97.7)	(2.3)	(100.0)

RE : Revised Estimates.			BE : Budget Estimates.
@	: Other liabilities comprise small savings, state provident funds, special deposits, reserve funds, etc.
*	: Variations in 91-day Treasury Bills issued net of changes in cash balances with RBI. Since 1997-98 it represents draw down of cash balances.
Note	: Figures in brackets represent percentages to total finance (gross fiscal deficit).
Source	: Central Government Budget Documents and Reserve Bank records.