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 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.
Variations, if any, in the figures shown in this document and those shown in other
Budget documents are due to rounding.