ANNEX: Medium Range Forecast
current prices
BUD
EST
BUD
91-92
91-92 92-93
MRF
93-94 94-95
MRF
MRF 95-96
MRF
96-97
Recurrent Expenditure Other non-recurrent
71,230 71,340 81,940 93,620 106,960
1,010 920 1,370 570
122,220
139,700
650
740
850
Operating Expenditure
72,240 72,260 83,310 94,190 107,610
122,960
140,550
Operating Revenue Budget Measures Interest
88,300 94,760 106,750 119,530 137,160
3,260
1,140 1,620 2,180 4,220 2,770 4,420 4,290 3,660
155,920
177,320
2,540
3,020
3,070
2,490
Operating Revenue
95,780 97,530 112,310 125,440 143,000
161,530
182,830
Current Surplus
23,540 25,270 29,000 31,250 35,390
38,570
42,280
General Revenue a/c Capital Works Reserve Loan Fund
Capital Expenditure
Capital Revenue
Capital (deficit)
1,320 1,050 1,290 2,050 2,350 25,750 19,590 29,030 39,370 46,280 1,970 1,550 1,470 1,120 850
29,040 22,190 31,790 42,540 49,480
2,670 51,750
3,040
57,980
760
830
55,180
61,850
10,290 13,290 14,020 12,140 12,790 13,370 14,200
(18,750) (8,900)(17,770)(30,400)(36,690) (41,810) (47,650)
Overal surplus (deficit) before equity
4,790 16,370 11,230 850 (1,300)
(3,240) (5,370)
Capital Inv Fund (equity)
3,490
2,310 6,080
Consolidated Cash Surplus
%GDP
1,300
0.2
14,060 5,150 2.2 0.7
9,810 7,890
(8,960) (9,190)
-1.1 -1.0
1,100
1,100
(4,340) (6,470)
-0.4
-0.5
Issue of Bonds
1,200
2,400
1,200
Cash surplus after borrowin 1,300
%GDP
0.2
15,260 2.4
7,550
(7,760) (9,190) 1.0 -0.9 -1.0
(4,340)
-0.4
(6,470)
-0.5
Opening Reserve Balance Closing Reserve Balance
72,730 76,545 91,805 99,355 91,595 76,545 91,805 99,355 91,595 82,405
82,405 78,065 78,065 71,595