budget, stated, "The elimination of structural imbalances in our fiscal system would require a reduction in both in the fiscal deficit and in the revenue deficit as a proportion of GDR The union budget for 1991-92 is an essential step in this direction. The fiscal deficit is estimated at more than 8 per cent of GDP in 1990-91 as compared with 6 per cent at the beginning of the 1980s and 4 per cent in the mid-1970s." It appears that the definition of fiscal deficit as used in budget document may require some modification for analytical use. It is defined as follows (the figures in paren-' theses show budget estimates for 1991-92):