Question:medium

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).
ReceiptExpenditure
ReceiptAmount (Rupees in Crores)ExpenditureAmount (Rupees in Crores)
Revenue2,65,279Revenue3,75,582
Non-debt capital receipt3,646Capital31,295
Recovery of loans and advances20,733Disbursement of loans and advances38,614
Public debt4,36,689Public debt repayment3,21,725

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Leave out public debt and public debt repayment (they are financing items). Fiscal deficit = total expenditure - total receipts other than borrowings.
Updated On: Aug 6, 2026
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Correct Answer: 155833

Solution and Explanation

Step 1: Split the budget into a revenue account and a capital account.
Instead of adding every non-borrowing item at once, work out the gap on the revenue side and the gap on the capital side separately, then add the two gaps.

Step 2: Find the revenue account gap.
$$ \text{Revenue Deficit} = \text{Revenue Expenditure} - \text{Revenue Receipt} = 3{,}75{,}582 - 2{,}65{,}279 = 1{,}10{,}303 $$

Step 3: Find the capital account gap, leaving out public debt items.
Capital side spending (excluding debt repayment) is Capital expenditure plus Disbursement of loans and advances: $$ 31{,}295 + 38{,}614 = 69{,}909 $$ Capital side receipts (excluding fresh borrowing) is Non-debt capital receipt plus Recovery of loans and advances: $$ 3{,}646 + 20{,}733 = 24{,}379 $$ So the capital account gap is $$ 69{,}909 - 24{,}379 = 45{,}530 $$

Step 4: Add the two gaps to get the fiscal deficit.
$$ \text{Fiscal Deficit} = 1{,}10{,}303 + 45{,}530 = 1{,}55{,}833 \ \text{crore} $$ This matches the direct calculation and confirms the government must borrow Rs. 1,55,833 crore to cover this year's gap.
$$ \boxed{1{,}55{,}833} $$
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