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Explanatory Notes
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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 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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