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Appendix Table IV.4 : Financing of Gross Fiscal Deficit of The Central Government


Appendix Table IV.4 : Financing of Gross Fiscal Deficit of The Central Government

             

(Rupees crore)

     

Internal Finance

   
   

Year

External

Total Finance/

     

Market

Borrowings #

Other
Liabilities @

91-day Treasury
Bills /drawdown of
cash balances +

Total

(2+3+4)

Finance

Gross Fiscal

       

Deficit

       

(5+6)

         
           
   

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)

(100.0)

   

1995-96

34,001

16,117

9,807

59,925

318

60,243

     

(56.4)

(26.8)

(16.3)

(99.5)

(0.5)

(100.0)

   

2000-2001

73,431

39,077

-1,197

1,11,311

7,505

1,18,816

     

(61.8)

(32.9)

(-1.0)

(93.7)

(6.3)

(100.0)

   

2001-2002

90,812

46,038

-1,496

1,35,354

5,601

1,40,955

     

(64.4)

(32.7)

(-1.1)

(96.0)

(4.0)

(100.0)

   

2002-2003

1,04,126

50,997

1,883

1,57,006

-11,934

1,45,072

     

(71.8)

(35.2)

(1.3)

(108.2)

(-8.2)

(100.0)

   

2003-04 (BE)

1,07,194

42,861

1,50,055

3,582

1,53,637

     

(69.8)

(27.9)

(97.7)

(2.3)

(100.0)

   

2003-04 (RE)

85,671

68,369

-10,232

1,43,808

-11,705

1,32,103

     

(64.9)

(51.8)

(-7.7)

(108.9)

(-8.9)

(100.0)

   

2004-05 (BE)

90,365 *

25,369

13,597

1,29,331

8,076

1,37,407

     

(65.8)

(18.5)

(9.9)

(94.1)

(5.9)

(100.0)

RE:Revised Estimates.
BE : Budget Estimates.
– : Nil / Negligible.
#:Including dated securities and 364-day Treasury Bills; also includes Zero Coupon Bonds and Loans in
conversion of maturing Treasury Bills.
@:Other liabilities comprise small savings, state provident funds, special deposits, reserve funds,
Treasury Bills other than 364-day TreasuryBill, etc. For the years 1999-00 to 2001-02, small savings
and public provident funds are represented by NSSF’s investment in the Central government special
securities and hence form part of Centre’s public debt. Reinvestment of debt-swap proceeds by the
NSSF in Central Government special securities is included in 2003-04.
+ : Variations in 91-day Treasury Bills issued net of changes in cash balances with the Reserve Bank
up to March 31, 1997. Since April 1, 1997, these figures represent drawdown of cash balances.
* :Exclusive of amount to be raised under the Market Stabilisation Scheme.
Note : 1. Figures in parentheses represent percentages to total finance (gross fiscal deficit).
2. Since 1999-00, gross fiscal deficit excludes the States’ share in small savings.
Source : Central Government Budget Documents and the Reserve Bank records.

 


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