How Fiscal Deficit, Revenue Deficit and other key figures prepared for Budget 2022

Jatin Pal | Last updated: 07 February 2022

Save Share

Quick Summary

This article breaks down the key financial figures for India's Budget 2022, including total budgeted receipts of ₹39,44,909 crore, with 56% coming from revenue and 46% from loans. It clearly defines fiscal deficit (FD), revenue deficit (RD), effective revenue deficit (ERD), and primary deficit (PD), providing the formulas for each. The content also presents a table detailing revenue and capital receipts, expenditure, and various deficit figures for the financial years 2020-21, 2021-22, and 2022-23.

What is the amount of receipts (AOR) which the government is budgeted to be received in this Budget 2022?

Total budgeted receipts are 39,44,909 crore out of which 56% is revenue receipts i.e revenue from tax and balance 46% is majorly from loans and borrowings. The percentage is higher than as compared to the figures related to the actuals of the financial year 2020-2021.

Budget 2022: Fiscal Deficit and Key Figures Explained

What is the meaning of fiscal deficit (FD) , revenue deficit (RD), effective revenue deficit (ERD) and the primary deficit?

Ans-

Fiscal deficit (FD) = Total revenue receipts +Non-debt capital receipts (NDCR) -total expenditure. This (FD) is reflecting the total borrowing requirement of the government.
Revenue deficit (RD) means the excess of revenue expenditure over the revenue receipts
Effective revenue deficits (ERD) mean the difference between the revenue deficit - grants for the creation of capital assets.
Primary deficits (PD) means = fiscal deficits - interest payments.

Figures related to Budget 2022*
				(Amount in crores)
Sr.No.	Particulars	2020-21	2021-22	2021-22	2022-23
		Actuals Amount	Budget amount	Revised Budget amount	Budget amount
1	Revenue receipts	1633920	1788424	2078936	2204422
2	Tax revenues (net to centre)	1426287	1545396	1765145	1934771
3	Non-tax revenues	207633	243028	313791	269651
4	Capital receipts	1875916	1694812	1691064	1740487
5	Recovery of loans	19729	13000	21975	14291
6	Other receipts	37897	175000	78000	65000
7	Borrowings and other liabilities	1818291	1506812	1591089	1661196
8	Total receipts	3509836	3483236	3770000	3944909
9	Total expenditure	3509836	3483236	3770000	3944909
10	On revenue account :- on which	3083519	2929000	3167289	3194663
11	Interest payments	679869	809701	813791	940651
12	Grants in Aid of creation of capital assets	230865	219112	237685	317643
13	On Capital account	426317	554236	602711	750246
14	Effective capital Expenditure (12+13)	657182	773348	840396	1067889
15	Revenue Deficit (10-1)	1449599	1140576	1088353	990241
16	Effective Revenue Deficit (15-11)	1218734	921464	850668	672598
17	Fiscal Deficit (9-(1+5+6)	1818290	1506812	1591089	1661196
18	Primary Deficit (17-11)	1138421	697111	777298	720545

What are the areas from where the government will get receipts?

What are the areas from where government will get receipts

Following are the sources from where the government will arrange the finance for the fiscal deficit
				(Amount in crores)
Sr. No.	Particulars	2020-21	2021-22	2021-22	2022-23
Sr. No.	Particulars	Actuals Amount	Budget amount	Revised Budget amount	Budget amount
1	Debt Receipts (Net)	1825479	1435428	1416902	1660444
2	Market Borrowings
3	(G-sec +T Bills)	1239737	967708	875771	1158719
4	Securities against Small Savings	483733	391927	591524	425449
5	State Provident Funds	18514	20000	20000	20000
6	Other Receipts (Internal Debts and Public Account)	13315	54280	-90140	37025
7	External Debt	70181	1514	19746	19251
8	Draw Down of Cash Balance	-7188	71383	174187	752