(Rs. crore)

Year

Gross Fiscal

Net Fiscal

Revenue

Conventional

Primary

Net RBI

Deficit

Deficit

Deficit

Deficit

Deficit

Credit

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)

1991-92

18,900

15,746

5,651

156

7,956

-340

(2.9)

(2.4)

(0.9)

(0.0)

(1.2)

(-0.1)

1992-93

20,891

15,769

5,114

-1,829

7,681

176

(2.8)

(2.1)

(0.7)

(-0.2)

(1.0)

(0.0)

1993-94

20,596

16,263

3,813

462

4,795

591

(2.4)

(1.9)

(0.4)

(0.1)

(0.6)

(0.1)

1994-95

27,697

23,507

6,156

-4,468

8,284

48

(2.7)

(2.3)

(0.6)

(-0.4)

(0.8)

(0.0)

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)

1996-97

37,251

33,460

16,114

7,041

11,675

898

(2.7)

(2.4)

(1.2)

(0.5)

(0.9)

(0.1)

1997-98

44,200

39,135

16,333

-2,103

14,087

1,543

(2.9)

(2.6)

(1.1)

(-0.1)

(0.9)

(0.1)

1998-99

74,254

66,209

43,642

3,520

38,381

5,579

(4.3)

(3.8)

(2.5)

(0.2)

(2.2)

(0.3)

1999-00

91,480

79,309

53,797

3,113

46,309

1,312

(4.7)

(4.1)

(2.8)

(0.2)

(2.4)

(0.1)

2000-01

89,532

84,698

53,569

-2,346

37,830

-1,092

(4.3)

(4.0)

(2.5)

(-0.1)

(1.8)

(-0.1)

2001-02

95,986

91,439

59,233

-2,552

33,497

3,451

(4.2)

(4.0)

(2.6)

(-0.1)

(1.5)

(0.2)

2002-03

1,02,882

91,933

48,314

5,186

30,629

—

(B.E)

(4.0)

(3.6)

(1.9)

(0.2)

(1.2)

2002-03

1,16,730

1,02,902

61,302

5,317

42,584

-3,100

(R.E)

(4.7)

(4.2)

(2.5)

(0.2)

(1.7)

(-0.1)

2003-04

1,08,861

97,395

49,008

6,593

26,573

—

(B.E)

(4.0)

(3.5)

(1.8)

(0.2)

(1.0)

RE: Revised Estimates

BE: Budget Estimates

‘—: Not Available.

(-)Indicates surplus.

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 disbursements 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 plus non-debt capital receipts.

4.

Net Fiscal Deficit is the difference between Gross Fiscal Deficit and Net Lending.

5.

Primary deficit is GFD minus 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 Reserve Bank of India records.