(Rs. crore)

Year

Gross Fiscal

Net Fiscal

Revenue

Conventional

Primary

Net RBI Credit

Deficit

Deficit

Deficit

Deficit

Deficit

to States

1

2

3

4

5

6

7

1990-91

18,787

14,532

5,309

-72

10,132

420

(3.3)

(2.6)

(0.9)

(0.0)

(1.8)

(0.1)

1995-96

31,426

26,695

8,201

-2,849

9,494

16

(2.6)

(2.2)

(0.7)

(-0.2)

(0.8)

(0.0)

2003-04

123,070

113,571

61,145

1,164

41,306

293

(4.5)

(4.1)

(2.2)

(0.0)

(1.5)

(0.0)

2004-05 (BE)

114,647

106,253

45,425

3,174

23,789

–

(3.7)

(3.4)

(1.5)

(0.1)

(0.8)

2004-05 (RE)

123,635

112,532

44,302

6,765

35,737

-2,705

(4.0)

(3.6)

(1.4)

(0.2)

(1.2)

(-0.1)

2005-06 (BE)

110,070

101,534

24,770

-1,869

16,772

–

(3.2)

(2.9)

(0.7)

(-0.1)

(0.5)

RE: Revised Estimates BE: Budget Estimates
Minus sign (-) : Indicates surplus for deficit indicators
‘–’ : Not Available
Notes:1.Overall surplus or deficit referred to here as conventional deficit represents the
difference between aggregate disbursements and aggregate receipts. Aggregate receipts include
(i) Revenue receipts (ii) Capital receipts and (iii) Receipts under Public Account.
Aggregate disbursement include (i) Revenue expenditure (ii) Capital disbursements and
(iii) Disbursements under Public Account.
2.Revenue deficit is the difference between revenue expenditure and revenue receipts.
3.Gross Fiscal Deficit (GFD) is the difference between aggregate disbursements net of
debt repayments and recovery of loans and revenue receipts and non-debt capital receipts.
4.Net Fiscal Deficit is the difference between GFD and Net Lending.
5.Primary Deficit is GFD less of interest payments.
6.Figures in brackets are percentages to GDP at current market prices.
7.All figures are rounded-off.
Source :Budget Documents of State Governments and the Reserve Bank records.