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Union Budget 2001-02 »
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.
