1. Fiscal Indicators
Union Budget

2. Government
 Government as a separate sector
 Public goods
 Merit goods

3. Components of Expenditure and
Revenue
 Government expenditure
 Consumption expenditure
 Transfer payments
 Subsidies
 Interest payments
 Government revenue
 Taxes

4. Instruments of Fiscal Policy
 Government expenditure
 Taxes

5. Budget Document
 Estimates of receipts and expenditure of
government for a particular year
 Revenue account and Capital account

6. Revenue and Capital account
 Revenue account relates to current
expenditure and receipts
 Capital account refers to long term
expenditure and receipts

7. Government Expenditure

8. Components
 Non- Plan expenditure
 Plan expenditure
 Revenue expenditure
 Capital expenditure

10. Non Plan Expenditure
 Revenue expenditure
 Interest payments
 Defence
 Subsidies
 Grants to States and UTs
 Pensions
 Police
 Assistance to States from National calamity Contingency Funds
 Economic Services
 Other general services
 Social services
 Grants to foreign governments

11. Non Plan Expenditure
 Capital Expenditure
 Defence
 Other non-Plan capital outlay
 Loans to public enterprises
 Loans to States and UTs
 Loans to foreign governments
 Others

12. Trends in expenditure
0
100000
200000
300000
400000
500000
600000
1990-91
1991-92
1992-93
1993-94
1994-95
1995-96
1996-97
1997-98
1998-99
1999-00
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07RE
2007-08BE
Year
Rupeescrores
Revenue expenditure capital expenditure

13. Percent of total expenditure
Year Revenue
expenditure
Capital expenditure
1990-91 69.82 30.18
1991-92 73.86 26.14
1992-93 75.60 24.40
1993-94 76.25 23.75
1994-95 75.97 24.03
1995-96 78.45 21.55
1996-97 79.07 20.93
1997-98 77.71 22.29
1998-99 77.49 22.51
1999-00 83.57 16.43
2000-01 85.33 14.67
2001-02 83.21 16.79
2002-03 81.96 18.04
2003-04 76.84 23.16
2004-05 77.14 22.86
2005-06 86.89 13.11
2006-07 RE 87.13 12.87
2007-08 BE 87.10 12.90

15. % of Revenue expenditure
Year
Defence
Expenditure
Interest
payments
Subsidies
1990-91
14.79 29.24 16.54
1991-92 13.90 32.32 14.89
1992-93 13.06 33.52 11.68
1993-94 13.85 33.97 10.73
1994-95 13.45 36.08 9.71
1995-96 13.47 35.78 9.06
1996-97 13.21 37.42 9.75
1997-98 14.51 36.40 10.28
1998-99 13.80 35.98 10.90
1999-00 14.14 36.23 9.83
2000-01 13.40 35.75 9.66
2001-02 12.62 35.65 10.35
2002-03 12.02 34.78 12.85
2003-04 11.93 34.27 12.24
2004-05 11.41 33.03 11.96
2005-06 10.96 30.16 10.81
2006-07 RE
10.17 28.85 10.55
2007-08 BE
9.69 28.50 9.74

18. Year Developmental expd Non developmental expd
1990-91
54.30 45.70
1991-92
51.81 48.19
1992-93
51.94 48.06
1993-94
49.62 50.38
1994-95
50.12 49.88
1995-96
46.12 53.88
1996-97
45.63 54.37
1997-98
46.48 53.52
1998-99
47.73 52.27
1999-00
42.06 57.94
2000-01
41.38 58.62
2001-02
42.52 57.48
2002-03
43.14 56.86
2003-04
44.54 55.46
2004-05
44.98 55.02
2005-06
44.07 55.93
2006-07 RE
43.62 56.38
2007-08 BE
49.79 50.21

19. Receipts of Central
Government
Revenue and Capital account

20. Revenue Account
 Tax Revenue
 Direct Tax
 Indirect Tax
 Non tax Revenue
 Interest receipts
 Dividends and profits
 External Grants
 Other non – tax revenue
 Receipts from Union Territories

21. Tax Revenue
 Direct Taxes
 Taxes on income
 Taxes on property
 Indirect Taxes
 Union Excise Duties
 Customs Duties
 Service Tax

22. Capital Receipts
 Non-Debt receipts
 Recoveries of loans and advances
 Miscellaneous Capital receipts
 Debt receipts to finance Fiscal Deficit
 Market Loans
 Short term borrowings
 External assistance (net)
 Securities issued against small savings
 State provident Funds (net)
 Other Receipts (net)
 Draw-down of cash balance

23. Components of total receipts
0
100000
200000
300000
400000
500000
600000
700000
1990-911991-921992-931993-941994-951995-961996-971997-981998-991999-002000-012001-022002-032003-042004-052005-06
2006-07
RE
2007-08
BE
Year
Rupeescrores
Revenue receipts Capital receipts Total receipts

24. percentage of total revenue receipts
Year Tax revenue Non tax revenue
1990-91 78.21 21.79
1991-92 75.83 24.17
1992-93 72.91 27.09
1993-94 70.84 29.16
1994-95 74.06 25.94
1995-96 74.40 25.60
1996-97 74.20 25.80
1997-98 71.46 28.54
1998-99 70.01 29.99
1999-00 70.68 29.32
2000-01 70.95 29.05
2001-02 66.33 33.67
2002-03 68.68 31.32
2003-04 70.88 29.12
2004-05 73.47 26.53
2005-06 77.78 22.22
2006-07 RE 81.73 18.27
2007-08 BE 83.03 16.97

27. Gross Tax Revenues of the Centre

32. Year
Market Small Provident Special Recovery Disinvest- External
borrowings savings funds+ deposits of loans ment loans (net)
(net)# receipts
1990-91 20.52 21.31 5.13 19.79 14.65 8.16
1991-92 19.49 14.68 5.86 17.31 15.63 7.89 14.07
1992-93 10.16 12.09 8.16 19.75 17.57 5.42 14.70
1993-94 52.18 12.91 6.70 13.65 11.17 -0.09 9.15
1994-95 29.59 21.03 6.02 12.03 9.24 7.39 5.21
1995-96 58.28 17.32 8.43 9.08 11.15 0.62 0.55
1996-97 31.02 19.78 8.80 10.01 12.25 0.62 4.85
1997-98 32.80 20.65 8.50 7.98 8.40 0.92 1.10
1998-99 53.04 25.40 4.41 6.25 8.18 4.52 1.48
1999-00 53.65 7.76 5.69 5.64 8.76 1.49 1.02
2000-01 54.72 6.20 3.67 6.30 8.98 1.58 5.59
2001-02 55.88 5.39 2.57 4.97 10.09 2.24 3.45
2002-03 57.68 2.56 5.17 18.94 1.75 -6.61
2003-04 42.05 2.31 0.05 31.78 8.02 -6.38
2004-05 25.42 2.65 -2.87 30.96 2.21 7.36
2005-06 66.96 3.49 0.31 6.71 1.00 4.71
2006-07 RE
69.80 1.90 3.16 3.44 0.33 4.99
2007-08 BE
71.92 6.82 3.24 0.97 1.07 5.91

33. Deficit
 Fiscal Deficit
 Total expenditure – Total receipts
 Revenue Deficit
 Revenue expenditure – Revenue receipts
 Primary Deficit
 Fiscal Deficit – Interest Payments

41. Debt
 Government borrowing to finance fiscal deficit
 Internal borrowing
 External borrowing

42. Components of Borrowing
 Internal Borrowing
1. Market borrowing
2. Other borrowing
 External Borrowing
1. Bilateral loans
2. Multilateral loans
3. Foreign private banks

43. Year External Finance Internal Finance
1990-91 7.1 92.9
1991-92 14.9 85.1
1992-93 13.2 86.8
1993-94 8.4 91.6
1994-95 6.2 93.8
1995-96 0.5 99.5
1996-97 4.5 95.5
1997-98 1.2 98.8
1998-99 1.7 98.3
1999-00 1.1 98.9
2000-01 6.3 93.7
2001-02 4.0 96.0
2002-03 -8.2 108.2
2003-04 -10.9 110.9
2004-05 11.7 88.3
2005-06 5.1 94.9
2006-07 RE 5.2 94.8
2007-08 BE 6.0 94.0
As a percent of GFD

44. Debt/GDP ratio
0
5
10
15
20
25
30
35
40
45
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
year
percent
debt/GDP ratio