Question

In a particular year, the status of Consolidated Funds of India is shown in the table below. For the given data, the fiscal deficit of that year (Rupees in crores) is (in integer).

Receipt		Expenditure
Receipt	Amount (Rupees in Crores)	Expenditure	Amount (Rupees in Crores)
Revenue	2,65,279	Revenue	3,75,582
Non-debt capital receipt	3,646	Capital	31,295
Recovery of loans and advances	20,733	Disbursement of loans and advances	38,614
Public debt	4,36,689	Public debt repayment	3,21,725

Hint:

Leave out public debt and public debt repayment (they are financing items). Fiscal deficit = total expenditure - total receipts other than borrowings.

Answer 1

Correct Answer: 155833

Step 1: Recall what fiscal deficit means.
Fiscal deficit is the gap between what the government spends and what it earns, not counting the money it borrows. In formula terms, Fiscal Deficit = Total Expenditure - Total Receipts other than borrowings. Public debt (money borrowed) and public debt repayment (repaying old borrowing) are financing items, so both must be left out of this calculation.

Step 2: Add up the non-debt receipts.
The receipts that are not borrowing are Revenue receipt, Non-debt capital receipt, and Recovery of loans and advances.
\[ 2{,}65{,}279 + 3{,}646 + 20{,}733 = 2{,}89{,}658 \ \text{crore} \]

Step 3: Add up the expenditure other than debt repayment.
The spending items that are not debt repayment are Revenue expenditure, Capital expenditure, and Disbursement of loans and advances.
\[ 3{,}75{,}582 + 31{,}295 + 38{,}614 = 4{,}45{,}491 \ \text{crore} \]

Step 4: Subtract to get the fiscal deficit.
\[ \text{Fiscal Deficit} = 4{,}45{,}491 - 2{,}89{,}658 = 1{,}55{,}833 \ \text{crore} \]

Final Answer:
The fiscal deficit of that year is Rs. 1,55,833 crore.
\[ \boxed{1{,}55{,}833} \]