TABLE 1 : BUDGET AT A GLANCE

(Rupees crore)

Variation

Items

1998-99

1999-2000

1999-2000

2000-2001 #

(Accounts)

(Budget

(Revised

(Budget

Col. 4 over Col. 3

Col. 4 over Col. 2

Col. 5 over Col. 4

Estimates)

Estimates)

Estimates)

Amount

Per cent

Amount

Per cent

Amount

Per cent

1

2

3

4

5

6

7

8

9

10

11

1 Revenue Receipts (i+ii)

149,510

182,840

179,504

203,673

-3,336

-1.8

29,994

20.1

24,169

13.46

i)

Tax Revenue (Net to Centre)

104,652

132,365

126,469

146,209

-5,896

-4.5

21,817

20.8

19,740

15.61

ii)

Non-tax Revenue

44,858

50,475

53,035

57,464

2,560

5.1

8,177

18.2

4,429

8.35

of which:

Interest Receipts

30,062

33,034

34,144

36,721

1,110

3.4

4,082

13.6

2,577

7.55

2 Capital Receipts

129,856

101,042

124,234

134,814

23,192

23.0

-5,622

-4.3

10,580

8.52

of which:

i) Market Borrowing

68,988

57,461

77,065

76,383

19,604

34.1

8,077

11.7

-682

-0.88

ii) Recoveries of Loans

10,633

11,087

12,736

13,539

1,649

14.9

2,103

19.8

803

6.30

iii)Disinvestment of equity in

PSUs

5,874

10,000

2,600

10,000

-7,400

-74.0

-3,274

-55.7

7,400

284.62

3 Total Receipts (1+2)

279,366

283,882

303,738

338,487

19,856

7.0

24,372

8.7

34,749

11.44

4 Revenue Expenditure (i + ii)

217,419

236,987

253,036

281,098

16,049

6.8

35,617

16.4

28,062

11.09

i)

Non-Plan

176,900

190,331

204,904

228,768

14,573

7.7

28,004

15.8

23,864

11.65

ii)

Plan

40,519

46,656

48,132

52,330

1,476

3.2

7,613

18.8

4,198

8.72

5 Capital Expenditure (i + ii)

61,947

46,895

50,702

57,389

3,807

8.1

-11,245

-18.2

6,687

13.19

i)

Non-Plan

35,648

16,551

19,439

21,619

2,888

17.4

-16,209

-45.5

2,180

11.21

ii)

Plan

26,299

30,344

31,263

35,770

919

3.0

4,964

18.9

4,507

14.42

6 Total Non-Plan Expenditure

(4i + 5i)

212,548

206,882

224,343

250,387

17,461

8.4

11,795

5.5

26,044

11.61

of which :

i)

Interest Payments

77,882

88,000

91,425

101,266

3,425

3.9

13,543

17.4

9,841

10.76

ii)

Defence

39,897

45,693

48,504

58,587

2,811

6.2

8,607

21.6

10,083

20.79

iii)Subsidies

24,786

23,798

25,692

22,800

1,894

8.0

906

3.7

-2,892

-11.26

7 Total Plan Expenditure

(4ii + 5ii)

66,818

77,000

79,395

88,100

2,395

3.1

12,577

18.8

8,705

10.96

8 Total Expenditure (6+7=4+5)

279,366

283,882

303,738

338,487

19,856

7.0

24,372

8.7

34,749

11.44

9 Revenue Deficit (4-1)

67,909

54,147

73,532

77,425

19,385

35.8

5,623

8.3

3,893

5.29

10

Gross Fiscal Deficit

113,349

79,955

108,898

111,275

28,943

36.2

-4,451

-3.9

2,377

2.18

[8-(1+2ii+2iii)]

11

Gross Primary Deficit (10-6i)

35,467

-8,045

17,473

10,009

25,518

-317.2

-17,994

-50.7

-7,464

-42.72

12

Net Fiscal Deficit

79,944

68,547

96,116

100,344

27,569

40.2

16,172

20.2

4,228

4.40

13

Net Primary Deficit

32,124

13,581

38,835

35,799

25,254

186.0

6,711

20.9

-3,036

-7.82

14

Monetised Deficit

11,800

NA

-3,865 $

NA

Notes : 1) Capital Receipts are net of repayments.

2) Market borrowings include Short-term borrowings, Zero Coupon Bonds, loans in conversion of maturing Treasury Bills, 364 days Treasury Bills, etc.

3) Monetised deficit as per RBI records.

4) GFD excludes the transfer of share of net small savings collection to States / UTS since 1999-2000.

#

: Includes the effect of budget proposals.

$

: Before closure of Government accounts

( - )

: Indicates surplus.

NA

: Not available.

Source : Budget documents of Government of India, 2000-2001.

TABLE 2 : TRANSACTIONS ON REVENUE ACCOUNT

(Rupees crore)

Variation

Items

1998-99

1999-2000

1999-2000

2000-2001

(Accounts)

(Budget

(Revised

(Budget

Col. 4 over Col. 3

Col. 4 over Col. 2

Col. 5 over Col. 4

Estimates)

Estimates)

Estimates)

Amount

Per cent

Amount

Per cent

Amount

Per cent

1

2

3

4

5

6

7

8

9

10

11

I. Revenue Receipts (A+B)

149,510

182,840

179,504

203,673

-3,336

-1.8

29,994

20.1

24,169

13.5

A

Tax Revenue (Net to

104,652

132,365

126,469

146,209

-5,896

-4.5

21,817

20.8

19,740

15.6

Centre) (1 to 7)

1

Corporation Tax

24,529

30,850

29,915

40,040

-935

-3.0

5,386

22.0

10,125

33.8

2

Taxes on Income other than

5,755

9,923

10,132

11,816

209

2.1

4,377

76.1

1,684

16.6

Corporation Tax (Net)

3

Interest Tax

1,264

1,000

1,000

#

-

-

-264

-20.9

-1,000

-100.0

4

Customs Duty

40,668

50,369

47,800

53,572

-2,569

-5.1

7,132

17.5

5,772

12.1

5

Union Excise Duty (Net)

28,581

36,357

34,042

36,947

-2,315

-6.4

5,461

19.1

2,905

8.5

6

Taxes of UTs (Net of

assignments to local bodies)

317

312

325

329

13

4.2

8

2.5

4

1.2

7

Other Taxes and Duties

3,538

3,554

3,255

3,505

-299

-8.4

-283

-8.0

250

7.7

B Non-Tax Revenue

44,858

50,475

53,035

57,464

2,560

5.1

8,177

18.2

4,429

8.4

of which :

1

Interest Receipts

30,062

33,034

34,144

36,721

1,110

3.4

4,082

13.6

2,577

7.5

2

Dividends and Profits

9,410

9,483

9,311

11,205

-172

-1.8

-99

-1.1

1,894

20.3

of which :

Profits from RBI

5,977

5,700

4,479

6,179

-1,221

-21.4

-1,498

-25.1

1,700

38.0

3

External Grants

987

715

849

729

134

18.7

-138

-14.0

-120

-14.1

4

Non-tax Receipts of UTs

367

371

387

399

16

4.3

20

5.4

12

3.1

II. Revenue Expenditure (A+B)

217,419

236,987

253,036

281,098

16,049

6.8

35,617

16.4

28,062

11.1

A

Non-Plan Expenditure

176,900

190,331

204,904

228,768

14,573

7.7

28,004

15.8

23,864

11.6

of which :

1

Interest Payments

77,882

88,000

91,425

101,266

3,425

3.9

13,543

17.4

9,841

10.8

2

Defence Revenue

Expenditure

29,861

33,464

35,873

40,661

2,409

7.2

6,012

20.1

4,788

13.3

3

Major Subsidies

21,269

22,440

23,205

21,491

765

3.4

1,936

9.1

-1,714

-7.4

4

Non-Plan Grants to States

and UTs

4,923

8,198

6,582

17,676

-1,616

-19.7

1,659

33.7

11,094

168.6

B

Plan Expenditure (1+2)

40,519

46,656

48,132

52,330

1,476

3.2

7,613

18.8

4,198

8.7

1

Central Plan

26,409

30,980

30,181

35,308

-799

-2.6

3,772

14.3

5,127

17.0

2

Central Assistance for State

14,110

15,676

17,951

17,022

2,275

14.5

3,841

27.2

-929

-5.2

and UT Plans

III. Revenue Deficit (-)/Surplus(+)

[ I-II ]

-67,909

-54,147

-73,532

-77,425

#

: Includes effects of Budget proposals (Rs.1,000 crore net revenue loss).

Source: Budget Documents of the Government of India, 2000-2001.

TABLE 3 : TRANSACTIONS ON CAPITAL ACCOUNT

(Rupees crore)

Variation

Items

1998-99

1999-2000

1999-2000

2000-2001

(Accounts)

(Budget

(Revised

(Budget

Col. 4 over Col. 3

Col. 4 over Col. 2

Col. 5 over Col. 4

Estimates)

Estimates)

Estimates)

Amount

Per cent

Amount

Per cent

Amount

Per cent

1

2

3

4

5

6

7

8

9

10

11

I.

Capital Receipts (1 to 8)

129,856

101,042

124,234

134,814

23,192

23.0

-5,622

-4.3

10,580

8.5

1

Market Borrowings *

68,988

57,461

77,065

76,383

19,604

34.1

8,077

11.7

-682

-0.9

2

Small Savings, Public

Provident Funds, etc.

32,944

8,000

8,065

8,000

65

0.8

-24,879

-75.5

-65

-0.8

3

State Provident Funds

5,737

6,000

6,750

7,500

750

12.5

1,013

17.7

750

11.1

4

Special Deposits

8,130

10,460

9,926

9,722

-534

-5.1

1,796

22.1

-204

-2.1

5

Recovery of Loans and

Advances

10,633

11,087

12,736

13,539

1,649

14.9

2,103

19.8

803

6.3

6

Disinvestment of equity

holding in public sector

enterprises

5,874

10,000

2,600

10,000

-7,400

-74.0

-3,274

-55.7

7,400

284.6

7

External Borrowings

1,920

845

906

-44

61

7.2

-1,014

-52.8

-950

-104.9

8

Others #

-4,370

-2,811

6,186 $$

9,714

8,997

-320.1

10,556

-241.6

3,528

57.0

II.

Capital Expenditure (1+2)

61,947 $

46,895

50,702

57,389

3,807

8.1

-11,245

-18.2

6,687

13.2

1

Non-Plan Expenditure

35,648 $

16,551

19,439

21,619

2,888

17.4

-16,209

-45.5

2,180

11.2

of which:

Defence Capital

10,036

12,230

12,631

17,926

401

3.3

2,595

25.9

5,295

41.9

2

Plan Expenditure (i+ii)

26,299

30,344

31,263

35,770

919

3.0

4,964

18.9

4,507

14.4

i) Central Plan

10,699

13,020

13,479

15,968

459

3.5

2,780

26.0

2,489

18.5

ii) Central Assistance

for State and UT Plans

15,600

17,324

17,784

19,802

460

2.7

2,184

14.0

2,018

11.3

III.

Capital Surplus(+)/Deficit(-)

[I-II]

+67,909

+54,147

+73,532

+77,425

Notes : Capital Receipts are net of repayments.

* : Includes Zero Coupon Bonds, loans in conversion of maturing Treasury Bills, 364 days Treasury Bills, etc.

# : Comprises Reserve Funds, Deposits and Advances, Relief Bonds, etc.

$ : Inclusive of Loans to States/UT against Small savings collection ( Rs. 23,026 crore).

$$ : Includes draw-down of cash balances.

Source : Budget Documents of the Government of India, 2000-2001.

TABLE 4 : FINANCING OF CENTRE'S GROSS FISCAL DEFICIT

(Rupees crore)

Financing of GFD

Internal Finance

External

Total Financing

Year

Market

Other

91 Days

Total

Finance

of GFD

Borrowings

Liabilities

Treasury Bills

1

2

3

4

5

6

7

1990-91

8,001

22,103

11,347

41,451

3,181

44,632

(17.9)

(49.5)

(25.4)

(92.9)

(7.1)

1991-92

7,510

16,539

6,855

30,904

5,421

36,325

(20.7)

(45.5)

(18.9)

(85.1)

(14.9)

1992-93

3,676

18,866

12,312

34,854

5,319

40,173

(9.2)

(47.0)

(30.6)

(86.8)

(13.2)

1993-94

28,928

15,295

10,960

55,183

5,074

60,257

(48.0)

(25.4)

(18.2)

(91.6)

(8.4)

1994-95

20,326

32,834

961

54,121

3,582

57,703

(35.2)

(56.9)

(1.7)

(93.8)

(6.2)

1995-96

33,087

17,031

9,807

59,925

318

60,243

(54.9)

(28.3)

(16.3)

(99.5)

(0.5)

1996-97

20,012

30,550

13,184

63,746

2,987

66,733

(30.0)

(45.8)

(19.8)

(95.5)

(4.5)

1997-98

32,499

56,257

-910 +

87,846

1,091

88,937

(36.5)

(63.3)

(-1.0)

(98.8)

(1.2)

1998-99

68,988

42,650

-209 +

111,429

1,920

113,349

(60.9)

(37.6)

(-0.2)

(98.3)

(1.7)

1999-2000(BE)

57,461

21,649

0

79,110

845

79,955

(71.9)

(27.1)

(0.0)

(98.9)

(1.1)

1999-2000(RE)

77,065

27,457

3,470 +

107,992

906

108,898

(70.8)

(25.2)

(3.2)

(99.2)

(0.8)

2000-2001(BE)

76,383

34,936

0

111,319

- 44

111,275

(68.6)

(31.4)

(0.0)

(100.0)

(0.0)

BE

Budget Estimates

RE Revised Estimates

+

Draw-down of cash balances

Notes :

1

Other Liabilities comprise small savings, provident funds, special deposits, reserve funds, etc.

2

Variation in 91-day Treasury bills issued are net of changes in cash balances with RBI upto March 31, 1997.

3

Figures in brackets are percentage to GFD.

Source: Budget Documents of the Government of India.

TABLE 5 : CENTRAL PLAN OUTLAY BY HEADS OF DEVELOPMENT

(Rupees crore)

Variation

Items

1998-99

1999-2000

1999-2000

2000-2001

(Revised