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Measures of Deficits - Centre and States
Lower interest rates have helped the States reduce their primary deficits over the last two years. They have managed to reduce revenue deficits to 0.05% of GDP in FY07 from 1.2% in FY05 without unduly reducing capital expenditure. The central government needs to get its act together.
| % to GDP |
FY91 |
FY00 |
FY01 |
FY02 |
FY03 |
FY04 |
FY05 |
FY06 RE |
FY07 BE |
| Revenue Deficit |
-4.2 |
-6.2 |
-6.6 |
-7.0 |
-6.7 |
-5.8 |
-3.7 |
-3.1 |
-2.9 |
| Gross Fiscal Deficit |
-9.4 |
-9.4 |
-9.5 |
-9.9 |
-9.6 |
-8.5 |
-7.5 |
-7.5 |
-8.6 |
| Gross Primary Deficit |
-4.9 |
-3.8 |
-3.3 |
-3.5 |
-3.0 |
-2.8 |
-1.7 |
na |
na |
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