The following extract from Govt. of India's Budget for the year 2008-09 is reproduced below. On the basis of estimates of the budget, find out (i) Revenue Deficit, (ii) Fiscal Deficit, and (iii) Primary Deficit.
|
(र in crores) |
|||
|
1. |
Revenue Receipts (2 + 3) |
602,935 |
|
|
2. |
Tax revenue |
507,150 |
|
|
3. |
Non-tax revenue |
95,785 |
|
|
4. |
Capital Receipts (5 + 6 + 7) |
147,949 |
|
|
5. |
Recoveries of loans |
4,497 |
|
|
6. |
Other receipts (Mainly disinvestment) |
10,165 |
|
|
7. |
Borrowing and other liabilities |
133,287 |
|
|
8. |
Total receipts (1 + 4) |
750,884 |
|
|
9. |
Non-plan expenditure (10 + 12) |
507,498 |
|
|
10. |
On revenue account |
448,352 |
|
|
11. |
(of which interest payment) |
190,807 |
|
|
12. |
On capital account |
59,146 |
|
|
13. |
Plan expenditure (14 + 15) |
243,386 |
|
|
14. |
On revenue account |
209,767 |
|
|
15. |
On capital account |
33,619 |
|
|
16. |
Total expenditure (9 + 13) |
750,884 |
|
|
17. |
Revenue expenditure (10 + 14) |
658,119 |
|
|
18. |
Capital expenditure (12 + 15) |
92,765 |
|
(i) Revenue deficit = (17 - 1) = 658,119 - 602,935 = 55,184 crores
(ii) Fiscal deficit = [16 - (1 + 5 + 6)]
= 750,884 - (602,935 + 4,497 + 10,165)
= 133,287 crores
(iii) Primary deficit = Fiscal deficit (b) - Interest payment (11)
= 133,287 - 190,807 = - 570,520 crores
