Appendix Table IV.4 : Financing of Gross Fiscal Deficit of The Central Government
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(Rupees crore)
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Internal Finance
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Year
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External
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Total Finance/
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Market
Borrowings #
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Other
Liabilities @
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91-day Treasury
Bills /drawdown of
cash balances +
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Total
(2+3+4)
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Finance
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Gross Fiscal
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Deficit
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(5+6)
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1
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2
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3
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4
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5
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6
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7
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1990-91
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8,001
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22,103
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11,347
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41,451
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3,181
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44,632
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(17.9)
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(49.5)
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(25.4)
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(92.9)
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(7.1)
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(100.0)
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1995-96
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34,001
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16,117
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9,807
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59,925
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318
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60,243
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(56.4)
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(26.8)
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(16.3)
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(99.5)
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(0.5)
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(100.0)
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2000-2001
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73,431
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39,077
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-1,197
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1,11,311
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7,505
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1,18,816
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(61.8)
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(32.9)
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(-1.0)
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(93.7)
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(6.3)
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(100.0)
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2001-2002
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90,812
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46,038
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-1,496
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1,35,354
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5,601
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1,40,955
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(64.4)
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(32.7)
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(-1.1)
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(96.0)
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(4.0)
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(100.0)
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2002-2003
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1,04,126
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50,997
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1,883
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1,57,006
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-11,934
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1,45,072
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(71.8)
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(35.2)
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(1.3)
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(108.2)
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(-8.2)
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(100.0)
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2003-04 (BE)
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1,07,194
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42,861
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–
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1,50,055
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3,582
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1,53,637
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(69.8)
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(27.9)
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–
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(97.7)
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(2.3)
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(100.0)
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2003-04 (RE)
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85,671
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68,369
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-10,232
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1,43,808
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-11,705
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1,32,103
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(64.9)
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(51.8)
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(-7.7)
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(108.9)
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(-8.9)
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(100.0)
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2004-05 (BE)
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90,365 *
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25,369
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13,597
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1,29,331
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8,076
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1,37,407
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(65.8)
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(18.5)
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(9.9)
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(94.1)
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(5.9)
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(100.0)
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RE:Revised Estimates.
BE : Budget Estimates.
– : Nil / Negligible.
#:Including dated securities and 364-day Treasury Bills; also includes
Zero Coupon Bonds and Loans in
conversion of maturing Treasury Bills.
@:Other liabilities comprise small savings, state provident funds, special
deposits, reserve funds,
Treasury Bills other than 364-day TreasuryBill, etc. For the years
1999-00 to 2001-02, small savings
and public provident funds are represented by NSSF’s investment in the
Central government special
securities and hence form part of Centre’s public debt. Reinvestment of
debt-swap proceeds by the
NSSF in Central Government special securities is included in 2003-04.
+ : Variations in 91-day Treasury Bills issued net of changes in cash
balances with the Reserve Bank
up to March 31, 1997. Since April 1, 1997, these figures represent drawdown
of cash balances.
* :Exclusive of amount to be raised under the Market Stabilisation Scheme.
Note : 1. Figures in parentheses represent percentages to total
finance (gross fiscal deficit).
2. Since 1999-00, gross fiscal deficit excludes the States’ share in
small savings.
Source : Central Government Budget Documents and the Reserve Bank
records.
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