(Rupees crore)

Year

Fiscal Deficit

Primary Deficit

Net RBI Credit+

Revenue Deficit

Gross

Net

Gross

Net

1

2

3

4

5

6

7

1998-99

1,13,348

79,944

35,466

32,138

11,800

66,976

(89,560)

(11,678)

1999-2000

1,04,716

89,910

14,467

33,539

-5,588

67,596

2000-01

1,18,816

1,07,854

19,502

41,351

6,705

85,234

2001-02

1,40,955

1,23,074

33,495

51,152

-5,150

1,00,162

2002-03

1,45,072

1,33,829

27,268

53,647

-28,399

1,07,879

2003-04

1,23,273

1,15,558

-815

30,008

-76,065

98,261

2004-05

1,25,794

1,26,252

-1140

31,705

-60,177

78,338

2005-06

1,46,435

1,45,743

13,805

35,145

28,417

92,300

2006-07

1,42,573

1,51,245

-7,699

23,497

-3,024

80,222

2007-08

1,26,912

1,20,714

-44,118

-29,256

-1,16,772

52,569

2007-08 #

1,25,690 #

1,19,492 #

-45,340 #

-30,478 #

..

..

2008-09 BE

1,33,287

1,29,542

-57,520

-42,130

..

55184

2008-09 RE

3,26,515

3,22,011

1,33,821

1,48,353

1,76,397

2,41,273

2009-10 BE

4,00,996

3,92,882

1,75,485

1,86,545

..

2,82,735

As Percentage to GDP at current Market Prices

1998-99

6.47

4.57

2.03

1.84

0.67

3.82

(5.11)

(0.67)

1999-2000

5.36

4.61

0.74

1.72

-0.29

3.46

2000-01

5.65

5.13

0.93

1.97

0.32

4.05

2001-02

6.19

5.40

1.47

2.24

-0.23

4.40

2002-03

5.91

5.45

1.11

2.19

-1.16

4.40

2003-04

4.48

4.20

-0.03

1.09

-2.76

3.57

2004-05

3.99

4.01

-0.04

1.01

-1.91

2.49

2005-06

4.08

4.06

0.38

0.98

0.79

2.57

2006-07

3.45

3.66

-0.19

0.57

-0.07

1.94

2007-08

2.69

2.56

-0.93

-0.62

-2.47

1.11

2007-08 #

2.66 #

2.53 #

-0.96 #

-0.65 #

..

..

2008-09 BE

2.50

2.43

-1.08

-0.79

..

1.04

2008-09 RE

6.14

6.05

2.51

2.79

3.31

4.53

2009-10 BE

6.85

6.71

3.00

3.19

..

4.83

Average

1998-99 to 2007-08

4.69 *

4.36

0.41 *

1.30

-0.71

3.18

RE  :  Revised Estimates.  BE : Budget Estimates.  ..  Not Available.
+  :  As per RBI records before closure of Government accounts.
*     :   Net of States’ share in small savings.
#     :  Net of transfer of surplus from Reserve Bank to the Central Government amounting to Rs.34,309 crore and acquisition cost of Reserve Bank’s stake in State Bank of India to the Central Government at Rs.35,531 crore.
Note: 1. Revenue deficit is the excess of revenue expenditure over revenue receipts. The net RBI credit to the Central Government is the sum of increase in the Reserve Bank’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 recoveries over revenue receipts (including external grants) and non-debt capital receipts. 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 Since April 1, 2006, the Reserve Bank is prohibited from subscribing to primary issuance of Government Securities.
2. Figures in parentheses are excluding States’ share in small savings as per the system of accounting followed since 1999-2000.
3. Negative sign indicates surplus.
Source : Central Government Budget Documents and Reserve Bank Records.