Controller General of Accounts

Accounts at a Glance

Overview

 

During 1996-97, Gross Receipts recorded an increase of 14.95% over the previous year. The expenditure went up by 13.94%. The deficit referred to, as ‘Fiscal Deficit’ was Rs.66733 crores - an increase of 10.8% over the previous year.

 

1996-97

1995-96

increase

Receipts

216386

188241

28145

Expenditure

283119

248485

34634

Fiscal Deficit

66733

60244

 
[on a Gross basis including States share of taxes]
(Rs. in crores)

 

Where Rupee comes from

On a gross basis, 76 paise of the rupee came from revenues and other receipts and the remaining 24 paise came from borrowings.

 

Where Rupees goes to

During 1996-97, the States and UTs got 28 paise per rupee of expenditure and the remaining 72 paise was spent by the Centre.

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Fiscal Deficit

As a percentage of GDP, Fiscal Deficit is coming down for the third year in a row. From a level of 7.44% of GDP during 93-94, it has come down to 5.22% in 96-97.

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Budgetary Deficit

The Fiscal Deficit is financed by internal and external borrowings, accruals in the Public Account and by issue of 91 days treasury bills. The portion of the deficit financed by issue of 91 days Treasury Bills adjusted for additions to/withdrawals from Cash balance is known as ‘Budgetary Deficit’. The Budgetary Deficit for the year 1996-97 was Rs.13184 crores against the Revised Estimates of Rs.6900 crores.

During 96-97, Net additions to 91 days treasury bills were Rs.12728 crores and Cash balance decreased by Rs.456 crores. Together, the Budgetary Deficit was Rs.13184 crores – an increase of Rs.3377 crores over 95-96.

Budgetary Deficit for 96-97 is 1.03% of GDP against 0.89% for 95-96.

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