Decomposition and financing of the gross fiscal deficit of State Governments, RBI State Finances 2023-24 to 2025-26

Description

The Reserve Bank of India compiles the budgets of the State Governments and the UTs of Delhi, Puducherry and Jammu and Kashmir into its annual study State Finances: A Study of Budgets. How the gross fiscal deficit of each State and UT is built up and paid for. The decomposition gives the revenue deficit, capital outlay, net lending and non-debt capital receipts that add up to the deficit. The financing statements list the sources that fund it: market borrowings, loans from the Centre, special securities issued to the National Small Savings Fund, loans from LIC, NABARD, NCDC and banks, provident funds, reserve funds, deposits and advances, suspense and miscellaneous, remittances and others, once in rupees crore and once as percent of the total, for the accounts, the revised estimate and the budget estimate. Three editions are included (2023-24, 2024-25 and 2025-26). Each edition gives the accounts of the year before last, the revised estimate of last year and the budget estimate of the budget year, so a year can appear in several editions with different estimate types and slightly different values. The table has 7,719 rows, one per State or UT, reference period, estimate type and measure, with the State name as printed beside its LGD code.