{ "meta": { "dossier": "public-finance", "source": "Reserve Bank of India, DBIE (via the Data Bank)", "product": "public-finance", "base": "n/a", "vintage": "2026-10-10", "mock": false, "geo": "IND", "releaseDate": null, "revisionPolicy": "Each year passes through three stages: the budget estimate (February before the year), the revised estimate (February of the year) and the accounts (provisional in May after the year, audited later). The RBI's tables restate a year as it moves from one stage to the next; each stage is kept as its own series.", "frequency": "annual", "unit": "inr_crore", "stages": { "accountsTo": "2023-24", "revisedEstimate": "2024-25", "budgetEstimate": "2025-26" }, "scope": "states", "table": { "report": "692", "handbook": 212, "title": "The states' gross fiscal deficit and its financing" }, "latestPeriod": "2025-26 (financial year)", "coverage": "How the states' deficit is financed: market borrowing, loans from the Centre, NSSF, provident funds, ₹ crore, 1970-71 on", "note": "RBI, The states' gross fiscal deficit and its financing (DBIE report 692; Handbook of Statistics on the Indian Economy). Amounts in ₹ crore (DBIE serves rupees). Financing items are net (Handbook note 5). Two codes for NSSF securities: the older one (to 1993-94) and the current one (from 1980-81), kept apart. Stages, from the printed table's own note: accounts to 2023-24, the revised estimate for 2024-25 and the budget estimate for 2025-26, each in its own series (suffix __re and __be), never one line. Cross-checked against the printed table (Innovation Hub export of Handbook report 212): 289 of 289 figures match." }, "dates": [ "1970-04-01", "1971-04-01", "1972-04-01", "1973-04-01", "1974-04-01", "1975-04-01", "1976-04-01", "1977-04-01", "1978-04-01", "1979-04-01", "1980-04-01", "1981-04-01", "1982-04-01", "1983-04-01", "1984-04-01", "1985-04-01", "1986-04-01", "1987-04-01", "1988-04-01", "1989-04-01", "1990-04-01", "1991-04-01", "1992-04-01", "1993-04-01", "1994-04-01", "1995-04-01", "1996-04-01", "1997-04-01", "1998-04-01", "1999-04-01", "2000-04-01", "2001-04-01", "2002-04-01", "2003-04-01", "2004-04-01", "2005-04-01", "2006-04-01", "2007-04-01", "2008-04-01", "2009-04-01", "2010-04-01", "2011-04-01", "2012-04-01", "2013-04-01", "2014-04-01", "2015-04-01", "2016-04-01", "2017-04-01", "2018-04-01", "2019-04-01", "2020-04-01", "2021-04-01", "2022-04-01", "2023-04-01", "2024-04-01", "2025-04-01" ], "series": { "provident_funds_and_others": { "name": "provident_funds_and_others_inr_crore", "label": "State provident funds, small savings and others", "color": "#2E4BD8", "stage": "accounts", "unit": "inr_crore", "order": 0, "data": [ null, null, null, null, null, null, null, null, null, null, 1948, 1723, 1858, 2765, 3926, 754, 3336, 3864, 3881, 5218, 6253, 6222, 8471, 7344, 8983, 10907, 13350, 13545, 32478, 38840, 34473, 30468, 22649, 41402, 18804, 1008, 17289, 16610, 29830, 53713, 33349, 40842, 47665, 81120.75, 95768, 134167.38, 209416.35, 93688.48, 114629.61, 48621.01, 37068, -6537, 127145.7, 51947.4, null, null ] }, "provident_funds_and_others__re": { "name": "provident_funds_and_others_re_inr_crore", "label": "State provident funds, small savings and others: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 1, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 188734.9, null ] }, "provident_funds_and_others__be": { "name": "provident_funds_and_others_be_inr_crore", "label": "State provident funds, small savings and others: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 2, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 136906.7 ] }, "gross_fiscal_deficit": { "name": "gross_fiscal_deficit_inr_crore", "label": "Gross fiscal deficit", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 3, "data": [ 901, 1050, 1349, 1470, 1243, 1102, 1515, 2038, 2643, 2873, 3713, 4062, 4986, 6359, 8199, 7521, 9269, 11219, 11672, 15433, 18787, 18900, 20892, 20364, 27308, 30870, 36561, 43474, 73295, 90098, 87922, 94261, 99727, 120631, 107774, 90084, 77509, 75455, 134589, 188819, 161461, 168353, 195470, 247852, 327191, 420670, 534332, 410494, 462770, 524710, 804574, 654678.2, 721631.9, 877194.6, null, null ] }, "gross_fiscal_deficit__re": { "name": "gross_fiscal_deficit_re_inr_crore", "label": "Gross fiscal deficit: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 4, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 1161160.6, null ] }, "gross_fiscal_deficit__be": { "name": "gross_fiscal_deficit_be_inr_crore", "label": "Gross fiscal deficit: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 5, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 1175074.7 ] }, "special_securities_issued_to_nssf": { "name": "special_securities_issued_to_nssf_inr_crore", "label": "Special securities issued to NSSF", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 6, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 26416, 32606, 35648, 48966, 18003, 64192, 73815, 56023, 5853, 1479, 24158, 38626, -8064.4, -173.32, 2557.08, 24000, 27096.96, -31985.32, -32444, -33574.04, -32260, -31177, -25720.9, -36184.1, -30858.1, null, null ] }, "special_securities_issued_to_nssf__re": { "name": "special_securities_issued_to_nssf_re_inr_crore", "label": "Special securities issued to NSSF: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 7, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, -31426.1, null ] }, "special_securities_issued_to_nssf__be": { "name": "special_securities_issued_to_nssf_be_inr_crore", "label": "Special securities issued to NSSF: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 8, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, -27633.1 ] }, "gfd_expenditure": { "name": "gfd_expenditure_inr_crore", "label": "GFD expenditure", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 9, "data": [ null, null, null, null, null, null, null, null, null, null, 20007, 22517, 26111, 30373, 35624, 40945, 47495, 55220, 62093, 71968, 85254, 99435, 111982, 125361, 147611, 165377, 186795, 210294, 246587, 293026, 320432, 343682, 373400, 429816, 471286, 521114, 609971, 706157, 829512, 957767, 1098050, 1267549.8, 1447595.2, 1617399.68, 1919919.95, 2254689.59, 2581111.68, 2731910, 3084016.68, 3195121.71, 3401343, 3881616.6, 4376750.7, 4807670.2, null, null ] }, "gfd_expenditure__re": { "name": "gfd_expenditure_re_inr_crore", "label": "GFD expenditure: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 10, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 5747994.4, null ] }, "gfd_expenditure__be": { "name": "gfd_expenditure_be_inr_crore", "label": "GFD expenditure: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 11, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 6329625.3 ] }, "market_borrowings": { "name": "market_borrowings_inr_crore", "label": "Market borrowings", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 12, "data": [ null, null, null, null, null, null, null, null, null, null, 198, 339, 393, 563, 693, 1010, 1147, 1523, 1973, 2298, 2556, 3305, 3500, 3620, 4075, 5888, 6515, 7280, 10467, 12664, 12519, 17249, 28484, 47286, 34559, 15305, 13083, 53925, 104041, 112648, 88776, 135396.07, 146248.7, 163572.96, 206441, 258367.05, 351671.96, 344615.81, 373110.56, 497410.2, 663105, 509072.1, 542816.7, 741070.8, null, null ] }, "market_borrowings__re": { "name": "market_borrowings_re_inr_crore", "label": "Market borrowings: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 13, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 833417.7, null ] }, "market_borrowings__be": { "name": "market_borrowings_be_inr_crore", "label": "Market borrowings: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 14, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 896434.2 ] }, "gfd_receipts": { "name": "gfd_receipts_inr_crore", "label": "GFD receipts", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 15, "data": [ null, null, null, null, null, null, null, null, null, null, 16294, 18455, 21125, 24014, 27425, 33424, 38226, 44001, 50421, 56535, 66467, 80536, 91090, 104997, 120303, 134507, 150234, 166820, 173292, 202927, 232509, 249422, 273674, 309187, 363512, 431030, 532462, 630703, 694923, 768949, 936588, 1099196.44, 1252124.85, 1369547.48, 1592729.19, 1834019.13, 2046779.86, 2321415.73, 2621246.93, 2670411.71, 2596769, 3226938.3, 3655118.8, 3930475.6, null, null ] }, "gfd_receipts__re": { "name": "gfd_receipts_re_inr_crore", "label": "GFD receipts: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 16, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 4586833.9, null ] }, "gfd_receipts__be": { "name": "gfd_receipts_be_inr_crore", "label": "GFD receipts: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 17, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 5154550.7 ] }, "loans_from_central_government": { "name": "loans_from_central_government_inr_crore", "label": "Loans from central government", "color": "#A3A9B4", "stage": "accounts", "unit": "inr_crore", "order": 18, "data": [ null, null, null, null, null, null, null, null, null, null, 1567, 2000, 2735, 3031, 3580, 5757, 4786, 5832, 5818, 7917, 9978, 9373, 8921, 9400, 14250, 14075, 16696, 22649, 30350, 12178, 8324, 10895, -372, 13940, -9781, -44, -8887, -933, -761, -1700, 710, 179.93, 1730.44, 601.4, 963, 1039.07, 5228.82, 4633.97, 8603.63, 10938.8, 135578, 177864, 87853.6, 115034.5, null, null ] }, "loans_from_central_government__re": { "name": "loans_from_central_government_re_inr_crore", "label": "Loans from central government: revised estimate 2024-25", "color": "#C47A16", "stage": "re", "unit": "inr_crore", "order": 19, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 170434.1, null ] }, "loans_from_central_government__be": { "name": "loans_from_central_government_be_inr_crore", "label": "Loans from central government: budget estimate 2025-26", "color": "#5F6675", "stage": "be", "unit": "inr_crore", "order": 20, "data": [ null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, 169366.9 ] } } }