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BUDGET AT A GLANCE
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! 1
The Budget estimates are presented in this
document in broad aggregates to facilitate easy
understanding. For this purpose certain items of
receipts and expenditure have been regrouped.
For example, the expenditure of commercial
departments have been taken net of their receipts
so that increase in the volume of transactions does
not inflate the figures on both sides. Similarly, short
term loans and advances given to the States and
recovered during the same year have also been
netted.
The document shows the revenue deficit, the
effective revenue deficit, the fiscal deficit and the
primary deficit. Revenue deficit refers to the
excess of revenue expenditure over revenue
receipts. Effective revenue deficit is the
difference between revenue deficit and grants for
creation of capital assets. Fiscal deficit is the
difference between the revenue receipts plus non-
debt capital receipts and the total expenditure
including loans, net of repayments. This indicates
the total borrowing requirements of Government
from all sources. Primary deficit is measured by
fiscal deficit less interest payments.
Note: Variations, if any, in the figures shown in
this document and those shown in other Budget
documents are due to rounding.
20
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