economics

1. Debt and Deficit
1. Formulas
2.Figures
3.Fiscal repression

2. Debt
Other
liabilities
Public Debt
Total
Liabilities

3. • Total Receipts
•Revenue
•capital
• Total Expenditure
•Revenue
•capital
Budget Deficit

4. • Total Receipts
•Revenue
•capital
• Total Expenditure
•Revenue
•capital
Budget Deficit

5. Budget Deficit

6. Sukhmoy Chakravarti: 97-98
Budget
Deficit
Fiscal Deficit
+ Market Borrowing
- Interest
Payments
Primary
Deficit

7. Fiscal deficit, primary deficit

8. પ્રભાવી મહેસુલ ખાધ
Revenue Expenditure - Receipts
Revenue
Deficit
- Grants for Capital Asset creation
Effective Revenue deficit

9. Fiscal
Revenue
Eff. Revenue
Primary

10. FRBM Act

11. Revenue deficit 0% by 31/3/2008
fiscal deficit
3% of GDP by
31/3/2009
FRBM Act 2003

12. 2012 amendment
ERD 0% => 2015, 31st March
FD 3% => 2017,31st March
FRBM

13. Fiscal
Revenue
Eff. Revenue
Primary

14. 2006
Fiscal Responsibility and Budget Management
Act (FRBMA) concerns with __.
A. Fiscal deficit only
B. Revenue deficit only
C. Both fiscal deficit and revenue
deficit
D. Neither fiscal deficit nor revenue
deficit

15. CAPF 2014
Data presented in Interim Budget for 2014 —
2015 reveal that for the financial year 2013
— 2014, the revised estimates do not show a
decline in ____.
A. Revenue deficit
B. Effective revenue deficit
C. Fiscal deficit
D. Primary deficit

17. CAPF 2014
Data presented in Interim Budget for 2014 —
2015 reveal that for the financial year 2013
— 2014, the revised estimates do not show a
decline in ____.
A. Revenue deficit
B. Effective revenue deficit
C. Fiscal deficit
D. Primary. deficit

18. High CAD
High Fiscal Deficit
Economic Survey: improved
Twin Deficit

19. Economic survey
Reforms in Public Debt
Management
• Ch.2 Issues and priorities
• Ch.3 Public Finance

20. Public Debt => SLR, G-Sec to LIC/EPFO
Less return (~8%)
Less incentive in Financial assets
More investment in gold, real estate,
overseas
Financial Repression વવત્તીય દમન

21. 2012: household savings 7% of GDP
2012: total borrowing by Union + State =
7.1%
“resource pre-emption” for private sector
More reliance on ECB => Currency volatility
NPA
Financial Repression વવત્તીય દમન

22. Solution: Public Debt Management
authority
PDMA will sell G-Sec on voluntary basis
Same recommendations
Vijay Kelar (13th FC)
Justice BN Srikrishna (FSLRC)
Sweden, NZ, Germany, Denmark etc have
similar.
Financial Repression વવત્તીય દમન

23. 2011: bill, but not passed
2014
Interim budget proposed Non-statutory
PDMA (1/4/2014) but regime change
Economic Survey recommends same
full budget silent
Financial Repression વવત્તીય દમન