A: Measures of Deficit of State Governments

(Rupees crore)

Fiscal Deficit

Primary Deficit

Monetised

Conven-

Revenue

Deficit *

tional

Deficit

Year

Gross

Net

Gross

Net

Deficit

1

2

3

4

5

6

7

8

1990-91

18,787

14,532

10,132

8,280

420

-72

5,309

1991-92

18,900

15,746

7,956

10,123

-340

156

5,651

1992-93

20,892

15,770

7,681

6,497

176

-1,829

5,114

1993-94

20,596

16,263

4,795

5,188

591

462

3,812

1994-95

27,697

23,507

8,284

9,459

48

-4,468

6,156

1995-96

31,426

26,695

9,494

10,556

16

2,849

8,201

1996-97

37,251

33,460

11,675

16,055

898

7,041

16,114

1997-98 @

44,242

39,176

14,139

16,983

1,543

-2,138

16,372

1998-99 (RE)@

75,304

66,041

38,397

36,647

5,579

8,373

40,539

1999-2000 (BE)@

80,223

71,276

35,149

33,602

.

5,262

43,236

As Percentage to GDP at Current Market Prices^$

1990-91

3.2

2.5

1.7

1.4

0.1

-

0.9

1991-92

2.8

2.3

1.2

1.5

-0.1

-

0.8

1992-93

2.7

2.1

1.0

0.8

-

-0.2

0.7

1993-94

2.3

1.9

0.5

0.6

0.1

0.1

0.4

1994-95

2.7

2.3

0.8

0.9

-

-0.4

0.6

1995-96

2.6

2.2

0.8

0.9

-

0.2

0.7

1996-97

2.6

2.4

0.8

1.1

0.1

0.5

1.1

1997-98 @

2.8

2.5

0.9

1.1

0.1

-0.1

1.0

1998-99 (RE)@

4.3

3.8

2.2

2.1

0.3

0.5

2.3

1999-2000 (BE)@

4.0

3.6

1.8

1.7

.

0.3

2.2

B: Select Budgetary Variables of State Governments

(Per cent)

Item

1999-2000@

1998-99@

1997-98@

1990-95

(BE)

(RE)

(Average)

1

2

3

4

5

1.

GFD / Total Expenditure (excluding recoveries) +

27.0

28.5

20.6

18.9

2.

Revenue Deficit / Revenue Expenditure +

16.6

17.7

8.8

5.5

3.

Conventional Deficit / Aggregate Disbursements +

1.7

3.0

-0.9

-0.8

4.

Revenue Deficit / GFD +

53.9

53.8

37.0

24.7

5.

Non-Developmental Revenue Expenditure / Revenue Receipts +

50.4

46.7

41.8

35.2

6.

Interest Payments/Revenue Receipts +

20.7

19.5

17.7

14.4

7.

Developmental Expenditure / GDP

9.3

9.9

9.2

10.5

of which :

Social Sector Expenditure / GDP

5.9

6.1

5.3

5.8

8.

Non-Developmental Expenditure / GDP

5.6

5.1

4.7

4.2

9.

States' Tax Revenue/GDP

5.6

5.3

5.2

5.3

10.

States' Non-Tax Revenue / GDP

1.4

1.4

1.6

1.8

RE Revised Estimates.

BE Budget Estimates.

-

Negligible.

..

Not Available.

*

Data pertain to State governments having accounts with the Reserve Bank.

@

Provisional data relate to the budgets of 26 State governments including the National Capital Territory of Delhi, of which, 5 States are Vote-on-Account.

(-)

Indicates surplus for the deficit indicators.

+

Includes ARM.

$

The GDP figures are based on new series with 1993-94 as base year. The figures for 1990-91 to 1992-93 have been interpolated by using an average link factor of 1.0878 obtained from the overlapping years from 1993-94 to 1996-97 for which both the old series and new series for the GDP at current market prices are available.

Note :

:

1.

The monetised deficit of State governments refers to Ways and Means Advances given to them by the RBI net of their deposits with the RBI.

2.

Additional Resource Mobilisation (ARM) has been tentatively placed at Rs.2,946 crore in 1999-2000 as per the budget speeches. These have been included in Revenue Receipts, in the absence of detailed break ups.

Source

:

State Governments' Budget Documents and Reserve Bank Records.