Reserve Bank Governor D Subbarao has said that rising fiscal deficit and short-term debt levels are quite disturbing. Speaking at a panel discussion on India's economic reforms and development in New Delhi, Mr Subbarao however said, the nation is not facing a repeat of a 1991 balance of payment crisis.He said, the 1991 crisis was triggered by high oil prices almost drying foreign reserves and currency crash.Mr Subbarao said, fiscal deficit in 1991 was 7 per cent and it is ruling at 5.9 per cent in 2012. He said, the current account deficit at 3.6 per cent is higher than 1991 figure and short-term debt at 23.3 per cent of GDP in 2012 is much more than 10.2 per cent in 1991.Stating that the structure of the economy has changed infundamental ways, he said that financial markets are more matured, more diverse and much deeper and have resilience to absorb shocks.