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Appendix Table IV.8 : Financing of State Governments' Gross Fiscal Deficit

           

(Rupees crore)


Year

Loans from

Market

Others #

Gross

States' Outstanding Liabilities

States’

 

the Central

Borrow-

 

Fiscal

(end-March)

   Outstanding

 

Govern-

ings (net)

 

Deficit

Total+

Loans &

Market

Liabilities

 

ment (net)

   

(2+3+4)

 

Advances

Loans

as per cent

           

from

 

of GDP at

           

Centre

 

current

               

market

               

prices


1

2

3

4

5

6

7

8

9


1990-91

9,978

2,556

6,253

18,787

1,10,289

74,117

15,618

19.4

 

(53.1)

(13.6)

(33.3)

(100.0)

       

1991-92

9,373

3,305

6,222

18,900

1,26,338

83,491

18,923

19.3

 

(49.6)

(17.5)

(32.9)

(100.0)

       

1992-93

8,921

3,500

8,471

20,892

1,42,178

92,412

22,426

19.0

 

(42.7)

(16.8)

(40.5)

(100.0)

       

1993-94

9,533

3,620

7,443

20,596

1,60,077

1,01,945

26,058

18.6

 

(46.3)

(17.6)

(36.1)

(100.0)

       

1994-95

14,760

4,075

8,862

27,697

1,84,527

1,16,705

30,133

18.2

 

(53.3)

(14.7)

(32.0)

(100.0)

       

1995-96

14,801

5,888

10,737

31,426

2,12,225

1,31,505

36,021

17.9

 

(47.1)

(18.7)

(34.2)

(100.0)

       

1996-97

17,547

6,515

13,189

37,251

2,43,525

1,49,053

42,536

17.8

 

(47.1)

(17.5)

(35.4)

(100.0)

       

1997-98

23,676

7,280

13,244

44,200

2,81,207

1,72,729

49,816

18.5

 

(53.6)

(16.5)

(30.0)

(100.0)

       

1998-99

31,057

10,467

32,730

74,254

3,41,978

2,03,786

60,283

19.6

 

(41.8)

(14.1)

(44.1)

(100.0)

       

1999-2000

12,408

12,664

66,409

91,480

4,20,133

2,16,195

72,947

21.7

 

(13.6)

(13.8)

(72.6)

(100.0)

       

2000-01

8,396

12,519

68,617

89,532

4,98,092

2,24,590

85,466

23.7

 

(9.4)

(14.0)

(76.6)

(100.0)

       

2001-02P

9,098

17,017

69,871

95,986

5,89,797

2,33,688

1,02,483

25.7

 

(9.5)

(17.7)

(72.8)

(100.0)

       

2002-03 (RE)P

8,138

23,264

85,328

1,16,730

6,94,289

2,41,826

1,25,747

28.1

 

(7.0)

(19.9)

(73.1)

(100.0)

       

2003-04 (BE)P

11,638

13,489

83,734

1,08,861

7,90,702

2,53,464

1,39,236

28.8

 

(10.7)

(12.4)

(76.9)

(100.0)

       

RE Revised Estimates.
BE Budget Estimates.
# Includes loans from Financial Institutions, Provident Funds, Reserve Funds, Deposits and Advances, Special Securities issued to NSSF, etc. With the change in the system of accounting with effect from 1999-2000, States’ share in small savings which was hitherto included under loans from Centre, is included under "others".
+ Includes internal debt (including Special Securities issued to NSSF), loans and advances from the Central Government and Provident Funds.
P Provisional data based on the budgets of 28 State Governments and the National Capital Territory of Delhi, of which 3 are Vote-on-Account.
Notes :
1. Figures in brackets are percentages to the Gross Fiscal Deficit.
2. Data on outstanding liabilities of the State Governments have been revised taking into account the latest available information.
Source : Budget Documents of State Governments and Combined Finance and Revenue Accounts of the Union and State Governments.

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