Year-wise revenue and fiscal deficits of States and the Union and their percentage to GDP are presented in Tables 1 to 4. Revenue deficit/surplus is the difference between current revenue and current expenditure. The golden rule in public finance is that current expenditure should be met out of current revenues and not by borrowings. Fiscal deficit is the difference between the total receipts and total expenditure of a State government in a financial year. Total receipts includes both current revenues and borrowings net of recovery of loans. Similarly, total expenditure includes both current as well as capital expenditure and loans and advances extended by a State government. Information relating to revenue expenditure, capital expenditure and total expenditure, per capita expenditure and outstanding debt of States and their percentages to GSDP are presented in Tables 5 to 10.