Question

The following figures are based on the budget estimates of Govt. of India for the year 2012 - 13. Calculate 1. Fiscal deficit 2. Revenue deficit and 3. Primary deficit.
`{:(,,(Rs. "in crores")),((a) " Revenue receipts",, 9","35","685),(" "(i) " Tax revenue", 7","71","071,),(" "(ii) " Non - tax revenue", 1","64","614,),((b) " Capital receipts",, 5","55","240),(" "(i) " Recovery of loans", 11","650,),(" "(ii) " Other receipts (mainly disinvestment)", 30","000,),(" "(iii) " Borrowing and other liabilities", 5","13","590,),((c) " Revenue expenditure", , 12","86","109),(" ""of which interest payments", 3","19","759,),((d) " Capital expenditure",, 2","04","816),((e) " Total expenditure",, 14","90","925):}`

Answer 1

1. Fiscal deficit = Total expenditure - total receipts net of borrowing
= 14, 90, 925 - (9,35,685 + 11, 650 + 30,000)
5,13,590 crore
2. Revenue deficit = (c) - (a)
= 12,86,109 - 9,35,685
= 3,50,424 crore
3. Primary deficit = Fiscal deficit - Interest payment
= 5,13,590 - 3,19,759
= 19,38,831 crore