Fiscal
Discipline
Trends in Revenue & Fiscal Deficit
The State is committed to observing fiscal discipline and meeting the targets
for prudent debt management and credibility in budgetary operations fixed under
the Gujarat Fiscal Responsibility Act, 2005. During the last three years gross
fiscal deficit has been reduced from 3.5percent of GSDP to 2.16percent GSDP.
On the revenue side, surplus has been achieved in the revised estimates for
2011-12. The debt stock is estimated to decline to 21.07percent of GSDP below
the target ceiling of 27.1percent.
There has been a steady rise in developmental expenditure over the last few
years on account of greater public spending in education, health, nutrition, water
supply, welfare of weaker sections, agriculture and irrigation; and by controlling
non-developmental expenditure through restructuring of debt, reduction in cost
of borrowing and right sizing of staff etc.
-10000
5000
0
07-08
4771
10437
2150
-66
1921
3615
08-09
15000
20000
-5000
10000
09-10
10-11
Revenue Deficit/Surplus
Fiscal Deficit
11-12
12-13
15153
15073
12772
17831
-6966
-5076
Details
2010-11 2011-12 2012-13
(Rs. in crore)
Revenue Deficit/Surplus
Fiscal Deficit
Public Debt
GSDP (current prices)
% Fiscal Deficit to GSDP
% Public Debt to GSDP
-5076
-15073
110873
513173
2.94
21.61
1921
-12772
124580
591175
2.16
21.07
3615
-17831
140238
676895
2.63
20.72
Development/Non Development Expenditure
0
10000
20000
30000
40000
50000
60000
70000
25284
27023
35953
40418
48280
54083
67162
13806
15534
15799
19833
23164
25861
33082
2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
Non Development
Development
