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 fiscal
deficit and the primary deficit. Revenue deficit refers to the
excess of revenue expenditure over revenue receipts. Fiscal deficit
is the difference between the revenue receipts plus certain 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