(Rs. crore)

Year

Gross

Net

Revenue

Conven-

Primary

Net RBI Credit

fiscal

Fiscal

Deficit

tional

Deficit

to States

Deficit

Deficit

Deficit

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)

2002-03

102,123

91,680

55,111

-4,611

31,981

-3100

(4.1)

(3.7)

(2.2)

(-0.2)

(1.3)

(-0.1)

2003-04

116,176

104,044

48,326

7,054

33,256

—

(B.E.)

(4.2)

(3.8)

(1.8)

(0.3)

(1.2)

2003-04

141,010

133,626

72,126

11,671

57,042

293

(R.E.)

(5.1)

(4.8)

(2.6)

(0.4)

(2.1)

(0.0)

2004-05

111,852

104,318

43,718

-1,049

20,994

—

(B.E)

(3.6)

(3.3)

(1.4)

(-0.0)

(0.7)

RE: Revised Estimates
BE: Budget Estimates
(-) Indicates surplus
‘— : 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
excluding ways and means advances and overdrafts from Reserve Bank of India (RBI) and (iii) Net receipts under
Public Account excluding withdrawals from Cash Balance Investment Account and Cash Balances.Aggregate
disbursement include (i) Revenue expenditure and (ii) capital disbursements excluding repayments of ways and
means advances and overdrafts from RBI; additions to Cash Balance Investment Account and Cash Balances
are excluded.
2.Revenue deficit is the difference between revenue expenditure and revenue receipts.
3.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 Gross Fiscal Deficit and Net Lending.
5.Primary deficit is GFD less 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 of India records.