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Table 115 : States’ Gross Fiscal Deficit and its Financing

(Rupees crore)

Year

Receipts

Expenditure

 Gross Fiscal Deficit

 Financing of GFD - Loans from Central Government

 Financing of GFD - Market Borrowings

 Financing of GFD - Special Securities Issued to NSSF

 Financing of GFD - State Provident Fund, Small Savings, etc.

1
2
3
4
5
6
7
8

1980-81  

16,294

20,007

3,713

1,567

198

-

1,948

1981-82  

18,455

22,517

4,062

2,000

339

-

1,723

1982-83  

21,125

26,111

4,986

2,735

393

-

1,858

1983-84  

24,014

30,373

6,359

3,031

563

-

2,765

1984-85  

27,425

35,624

8,199

3,580

693

-

3,926

1985-86  

33,424

40,945

7,521

5,757

1,010

-

754

1986-87  

38,226

47,495

9,269

4,786

1,147

-

3,336

1987-88  

44,001

55,220

11,219

5,832

1,523

-

3,864

1988-89  

50,421

62,093

11,672

5,818

1,973

-

3,881

1989-90  

56,535

71,968

15,433

7,917

2,298

-

5,218

1990-91  

66,467

85,254

18,787

9,978

2,556

-

6,253

1991-92  

80,536

99,435

18,900

9,373

3,305

-

6,222

1992-93  

91,090

111,982

20,892

8,921

3,500

-

8,471

1993-94  

104,997

125,361

20,364

9,400

3,620

-

7,344

1994-95  

120,303

147,611

27,308

14,250

4,075

-

8,983

1995-96  

134,507

165,377

30,870

14,075

5,888

-

10,907

1996-97  

150,234

186,795

36,561

16,696

6,515

-

13,350

1997-98  

166,820

210,294

43,474

22,649

7,280

-

13,545

1998-99  

173,292

246,587

73,295

30,350

10,467

-

32,478

1999-00  

202,927

293,026

90,098

12,178

12,664

26,416

38,840

2000-01  

232,509

320,432

87,922

8,324

12,519

32,606

34,473

2001-02  

249,422

343,682

94,261

10,895

17,249

35,648

30,468

2002-03  

273,674

373,400

99,727

-372

28,484

48,966

22,649

2003-04  

309,187

429,816

120,631

13,940

47,286

18,003

41,402

2004-05  

363,512

471,286

107,774

-9,781

34,559

64,192

18,804

2005-06  

431,030

521,114

90,084

-44

15,305

73,815

1,008

2006-07  

532,462

609,971

77,509

-9,478

13,057

56,500

17,431

2007-08  

637,142

745,101

107,958

3,089

63,553

9,873

31,443

2008-09  

734,835

847,488

112,653

6,684

63,842

22,303

19,824

Note :  1. Data for 2007-08 relate to Revised Estimates while 2008-09 are Budget Estimates.
2. Data relate to 28 State Goverments. Data for 2006-07, 2007-08 and 2008-09 are provisional.
3. Receipts include revenue receipts and non-debt capital receipts.
4. Expenditure includes revenue expenditure, capital outlay and loans and advances, net of recoveries.
5. All figures of Financing of Gross Fiscal Deficit are on a net basis.
6. State Provident Fund, Small Savings, etc., include loans from financial institutions, reserve funds, deposits and advances, etc.
7. With the change in the system of accounting with effect from 1999-00, States’ share in small savings which was included earlier under loans from the Centre is shown separately as special securities issued to National Small Savings Fund (NSSF) under internal debt.
Also see Notes on Tables.
Source : Budget documents of the State Governments.

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