Union Budget 2002-03

Actual Actual figures, published in Budget 2004-05.

This year includes large one-off debt transactions: states prepaying central loans under the Debt Swap Scheme (which inflates loan recoveries) and repayments to the National Small Savings Fund counted as capital spending. Capital and total spending look higher than the real spending on assets and services.

Total spending

₹4.14 lakh crore

+14.3% on 2001-02 (actual)

Raised without borrowing

₹2.69 lakh crore

Taxes, other revenue, asset sales

Borrowing (fiscal deficit)

₹1.45 lakh crore

5.9% of GDP

Interest payments

₹1.18 lakh crore

51 paise of every rupee of revenue

Capital spending

₹74,535 crore

18% of all spending

Where each rupee comes from

Out of every ₹1 the Centre raises, before handing states their share of taxes.

Borrowing (fiscal deficit)31 paise₹1.45 lakh crore
Excise duties17 paise₹82,310 crore
Non-tax revenue (dividends, interest, fees)15 paise₹72,323 crore
Corporation tax10 paise₹46,172 crore
Customs10 paise₹44,852 crore
Loan recoveries and disinvestment8 paise₹37,342 crore
Income tax8 paise₹36,858 crore
Service tax1 paisa₹4,122 crore
Other taxesunder 1 paisa₹1,952 crore

Source: Budget at a Glance; Receipts, Budget 2004-05 (Actuals for 2002-03). Official PDF · How it's checked

Where each rupee goes

States' share of taxes, interest, and spending by ministry.

Interest on government debt25 paise₹1.18 lakh crore
Ministry of Finance (excluding interest)17 paise₹78,648 crore
Ministry of Defence14 paise₹66,399 crore
States' share of central taxes12 paise₹56,122 crore
Ministry of Consumer Affairs, Food and Public Distribution5 paise₹24,416 crore
Ministry of Rural Development3 paise₹15,981 crore
Ministry of Home Affairs3 paise₹14,741 crore
Ministry of Chemicals and Fertilizers3 paise₹13,024 crore
Ministry of Education2 paise₹9,069 crore
Ministry of Road Transport and Highways2 paise₹7,847 crore
Ministry of Health and Family Welfare1 paisa₹6,365 crore
All other ministries (43)13 paise₹59,868 crore

Source: Receipts; Statement of ministries' expenditure, Budget 2004-05 (Actuals for 2002-03). Official PDF · How it's checked

Announced vs what happened

How far the actual for 2002-03 landed from the Budget Estimate announced in Budget 2002-03. Blue means more than budgeted, red means less.

Total spending+0.9%
Budget ₹4.10 lakh crore → Actual ₹4.14 lakh crore
Note on this figure
For 2002-03 to 2004-05 the Budget at a Glance counts repayments to the National Small Savings Fund and State Debt Swap Scheme transactions inside capital expenditure. These are debt transactions, not investment, and the RBI Handbook series (Table 89, note 2) treats them differently: for 2002-03 the difference is exactly the Rs 13,766 crore NSSF repayment; for 2003-04 and 2004-05 it is close to the amounts in RBI's note. Comparing capital spending across years? Treat these three years with care.
Capital spending (infrastructure, assets)+6.7%
Budget ₹69,827 crore → Actual ₹74,535 crore
Note on this figure
For 2002-03 to 2004-05 the Budget at a Glance counts repayments to the National Small Savings Fund and State Debt Swap Scheme transactions inside capital expenditure. These are debt transactions, not investment, and the RBI Handbook series (Table 89, note 2) treats them differently: for 2002-03 the difference is exactly the Rs 13,766 crore NSSF repayment; for 2003-04 and 2004-05 it is close to the amounts in RBI's note. Comparing capital spending across years? Treat these three years with care.
Tax revenue (Centre's share)−7.8%
Budget ₹1.73 lakh crore → Actual ₹1.59 lakh crore
Non-tax revenue+0.3%
Budget ₹72,140 crore → Actual ₹72,323 crore
Borrowing (fiscal deficit)+7.0%
Budget ₹1.36 lakh crore → Actual ₹1.45 lakh crore
Ministry of Defence−13.3%
Budget ₹76,611 crore → Actual ₹66,399 crore
Ministry of Consumer Affairs, Food and Public Distribution+13.5%
Budget ₹21,521 crore → Actual ₹24,416 crore
Ministry of Home Affairs−2.5%
Budget ₹15,117 crore → Actual ₹14,741 crore
Ministry of Chemicals and Fertilizers+9.4%
Budget ₹11,905 crore → Actual ₹13,024 crore
Ministry of Rural Development+41.5%
Budget ₹11,293 crore → Actual ₹15,981 crore
Ministry of Education−7.4%
Budget ₹9,792 crore → Actual ₹9,069 crore