Press Esc to close
Tuesday 06 December 2016
News updated at 5:41 PM IST
Weather
Max: 29.4°C
Min : 19.6°C
In Bengaluru
Partially cloudy

Fiscal deficit falls 17 per cent to Rs 1.5 lakh during April-August

Last updated: 01 October, 2010
New Delhi, Sep 30, pti:

The Centres fiscal deficit fell by 16.93 per cent to Rs 1,51,425 crore during April-August, 2010, year-on-year, on increased revenues from the auction of 3G spectrum, or radio waves, for mobile telephony.

The deficit represents 39.7 per cent of the estimate for the current financial year. The Budget for 2010-11 estimates the fiscal deficit, which represents excess government expenditure over its revenue, at Rs 3,81,408 crore.

Towards the end of the first quarter this fiscal, the government had collected over Rs 1.06 lakh crore through the sale of spectrum for both 3G and Broadband Wireless Access (BWA) services against the Budget target of Rs 35,000 crore. In first 5 months of 2010-11, non-tax revenue receipts were Rs 1,52,299 crore, crossing the full year target of Rs 1,48,118 crore, mainly due to robust response for spectrum sale.

Tax revenure
On the other hand, tax revenue receipts during April- August period reached 25.9 per cent of 2010-11 estimate at Rs 1,38,500 crore. The overall revenue receipts target is pegged at Rs 5,34,094 crore for the current fiscal.

The total expenditure in the first five months of the current fiscal stood at Rs 4,47,703 crore, thereby reaching 40.4 per cent of the target for the full year. The plan expenditure during April-August period was at Rs 1,36,454 crore while non-plan expenditure stood at Rs 3,11,249 crore. The government’s expenditure for the current fiscal is targeted at Rs 11,08,749 crore.

Against the target of reducing the deficit to 3 per cent of GDP by 2008-09, as per the Fiscal Responsibility and Budget Management (FRBM) Act, the Centre saw it double to around 6.2 per cent that year.

Last fiscal, the deficit crossed 6.5 per cent. After partial withdrawal of stimulus in the Budget for 2010-11, fiscal deficit is now pegged at lower 5.5 per cent of GDP in the current financial year. The Centre’s revenue deficit in the first five months of the current fiscal stood at Rs 1,00,352 crore, representing 36.3 per cent of the target for the full fiscal.

 

Go to Top

Photo Gallery
Football Players From Tamil Nadu pay tribute to Tamil Nadu Chief Minister Jayalalithaa...

Football Players From Tamil Nadu pay tribute to Tamil Nadu Chief Minister Jayalalithaa...

Well wishers of Tamil Nadu Chief Minister Jayalalithaa Jayaraman cry outside a hospital...

Well wishers of Tamil Nadu Chief Minister Jayalalithaa Jayaraman cry outside a hospital...

Prime Minister Narendra Modi pays his last respects to Tamil Nadu's former Chief Minister Jayaram...

Prime Minister Narendra Modi pays his last respects to Tamil Nadu's former Chief Minister Jayaram...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician who died...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician who died...

People paying their last respects to Tamil Nadu's former Chief Minister Jayaram Jayalalithaa...

People paying their last respects to Tamil Nadu's former Chief Minister Jayaram Jayalalithaa...

A woman walks past a portrait of J. Jayalalithaa, Chief Minister of the southern state...

A woman walks past a portrait of J. Jayalalithaa, Chief Minister of the southern state...

A cleaner machine cleans Dal Lake during heavy fog in Srinagar on Monday...

A cleaner machine cleans Dal Lake during heavy fog in Srinagar on Monday...

Artists paint graffiti on a wall to promote cleanliness in Civil Line in Gurugram on Monday...

Artists paint graffiti on a wall to promote cleanliness in Civil Line in Gurugram on Monday...

Bollywood actors Salman Khan and Shahrukh Khan during the 23rd Annual Star Screen Awards 2016...

Bollywood actors Salman Khan and Shahrukh Khan during the 23rd Annual Star Screen Awards 2016...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523