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BUDGET AT A GLANCE
Explanatory Note
| 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. With effect from
2001-02, the practice of netting the expenditures incurred through issue of Government
securities (rather than cash payment) against receipts is being discontinued so as not to
understate the accretion in the liabilities of the Government.
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 rounding.
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