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Key Fiscal Indicators

(As per cent of GDP)
Year Primary Deficit Revenue Deficit Primary Revenue Deficit Gross Fiscal Deficit Outstanding Liabilities@ Outstanding Liabilities$
1 2 3 4 5 6 7
Centre
1990-91 4.0 3.2 -0.5 7.7 54.6 60.6
1995-96 0.8 2.5 -1.7 5.0 50.3 58.3
2000-01 0.9 4.0 -0.7 5.6 54.6 60.4
2009-10 3.2 5.3 2.0 6.6 55.4 57.3
2010-11 1.8 3.3 0.2 4.9 51.6 53.2
2011-12 2.8 4.5 1.4 5.9 51.7 53.5
2012-13 1.8 3.7 0.5 4.9 51.0 52.5
2013-14 1.1 3.2 -0.2 4.5 50.5 52.2
2014-15 0.9 2.9 -0.3 4.1 50.1 51.4
2015-16 0.7 2.5 -0.7 3.9 50.1 51.5
2016-17 0.4 2.1 -1.1 3.5 48.4 49.5
2017-18 0.4 2.6 -0.5 3.5 48.3 49.5
2018-19 0.4 2.4 -0.7 3.4 48.5 49.6
2019-20 1.6 3.3 0.3 4.6 51.4 52.6
2020-21 5.7 7.3 3.9 9.2 61.6 62.8
2021-22 3.3 4.4 1.0 6.8 58.4 60.1
2022-23 (RE)# 3.0 4.1 0.6 6.5 56.6 58.0
2023-24 (BE) 2.3 2.9 -0.7 5.9 56.6 57.8
States*
1990-91 1.8 0.9 -0.6 3.3 22.2 22.2
1995-96 0.8 0.7 -1.1 2.6 20.8 20.8
2000-01 1.8 2.5 0.1 4.2 28.1 28.1
2009-10 1.2 0.4 -1.4 3.0 26.4 26.4
2010-11 0.4 -0.2 -1.8 2.1 24.4 24.4
2011-12 0.4 -0.3 -1.9 2.0 23.2 23.2
2012-13 0.4 -0.3 -1.8 2.0 22.6 22.6
2013-14 0.7 0.0 -1.5 2.2 22.3 22.3
2014-15 1.1 0.3 -1.2 2.6 22.0 22.0
2015-16 1.5 0.0 -1.6 3.0 23.7 23.7
2016-17 1.8 0.2 -1.4 3.5 25.1 25.1
2017-18 0.7 0.1 -1.6 2.4 25.1 25.1
2018-19 0.8 0.1 -1.6 2.4 25.3 25.3
2019-20 0.9 0.6 -1.1 2.6 26.7 26.7
2020-21 2.1 1.9 -0.1 4.1 31.1 31.1
2021-22 0.5 0.4 -1.7 2.7
2022-23 (RE) 1.4 0.6 -1.5 3.5
2023-24 (BE) 1.1 0.2 -1.9 3.2
... : Not Available.    RE: Revised Estimates.    BE: Budget Estimates.
@ : Includes external liabilities of the centre calculated at historical exchange rates.
$ : Includes external liabilities of the centre calculated at current exchange rates.
# : Going by the principle of using latest GDP data for any year, GDP used for 2022-23 (RE) is the latest available second advance estimates. In view of this, the fiscal indicators as per cent to GDP given in this table may at times marginally vary from those reported in the Union Budget documents.
* : Data till 2020-21 pertains to all states and union territories (UT) with legislatures. Data for 2021-22, 2022-23 and 2023-24 are accounts, revised estimates and budget estimates, respectively, for 26 states/UTs.
Note: 1. Negative sign (-) indicates surplus in deficit indicators.
2. GDP figures used in this table are on 2011-12 base, which are the latest available estimates.
3. Columns 6 and 7 are outstanding figures as at end-March of respective years.
Source: Budget documents of central and state governments, Status paper on government debt and Quarterly report on public debt management.

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