Fiscal Deficit at 88% of the Budget Estimate in Apr-Dec

In the nine months of 2015-16 fiscal deficit worked out to 88% of the annual target as against 100.2% in the same period last fiscal. 

• Rs. 4.88 lakh crore: The April-December fiscal deficit in value terms, which is 88% of 2015-16 Budget Estimate (BE).

• Rs. 5.55 lakh crore: The fiscal deficit estimated for 2015-16 in the Budget presented by Finance Minister Arun Jaitely in February.

• The improvement is mainly on account of buoyancy in tax collections, which have kept revenue deficit in check.

• Rs. 6.22 lakh crore: Tax revenue during the period, which is 67.6% of the full year BE of Rs. 9.19 lakh crore. This stands against 55.8% achieved in the last year-ago period.

• Rs. 8.25 lakh crore: Total receipts from revenue and non-debt capital of the government during the first nine months.

• Rs. 3.45 lakh crore: The government's plan expenditure during the period, which is 74.4% of the full-year BE.

          During the same period last year, the government had managed to achieve 61.3% of Plan                     expenditure estimate.

• Rs. 9.68 lakh crore: The non-plan expenditure in April-December of 2015-16, or 73.8%, of the whole-year estimate.

• Rs. 3.13 lakh crore: The total expenditure (Plan and non-Plan) as against the government's estimate for the current fiscal at Rs. 17.77 lakh crore.

• Rs. 3.22 lakh crore: The revenue deficit during the nine months or 81.7% of BE for 2015-16.

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The Indian Express