life in financial markets: (part 1) india's budget 28feb11 -- govt. of india's balance sheet & P&L

This is the state of government of India's finances:

CONSOLIDATED FUND OF INDIA'S REVENUE & EXPENDITURE
TREND IN THE LAST 4 FYs & THE FISCAL & REVENUE DEFICITS
Government of India's Balance Sheet & Profit & Loss Account
Gap between expenditure and revenues keeps on widening, reaching
dangerous proportions
	2007-08	2008-09	2009-10	2010-11
Revenue Receipts	541864	540259	572811	783833
Capital Receipts	170807	343697	453063	447743
- Borrowings	126912	336992	419869	415998
Total Receipts	712671	883956	1024487	1216576
Revenue Expenditure	594433	793798	911809	1053677
- Interest Payments	171030	192204	213093	240757
Capital Expenditure	118238	90158	112678	162899
Total expenditure	712671	883956	1024487	1216576
Revenue Deficit*	52569	253539	338998	269844
Fiscal Deficit**	126912	336992	418482	400998
Primary Deficit***	-44118	144788	205389	160241
Figures in Rs crore
*  Revenue Expenditure - Revenue Receipts
** Total Expenditure - Revenue Receipts - Capital Receipts (excluding
Borrowings)
*** Revenue Expenditure (excluding Interest Payments) + Capital
Expenditure - Revenue Receipts - Capital Receipts (excluding Borrowings)
Figures are actuals for 2007-08 and 2008-09, provisional actuals for
2009-10 and revised estimates for 2010-11

life in financial markets: govt. of india's revenues & expenses

In the last couple of years the revenues and expenditure figures of the central government of India has been like this (click on the image below to see it enlarged & clear):


If one removes the vast amounts of borrowing by the government the twin pictures of revenues & expenditure would look like this (click on the images below to see them enlarged & clear):