Press Esc to close
Thursday 31 July 2014
News updated at 7:00 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

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

New Delhi, Sep 30, pti:

The Centre’s 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
India's Navjot Kaur celebrates after winning a bronze medal against Scotland's Sarah Jones during...

India's Navjot Kaur celebrates after winning a bronze medal against Scotland's Sarah Jones during...

U.S. Secretary of State John Kerry and U.S. Secretary of Commerce Penny Pritzker walk from South...

U.S. Secretary of State John Kerry and U.S. Secretary of Commerce Penny Pritzker walk from South...

U S Secretary of State John Kerry shakes hands with National Security Adviser Ajit Doval after...

U S Secretary of State John Kerry shakes hands with National Security Adviser Ajit Doval after...

Sophie McKinna of England sticks her tongue out as she competes in the Women's Shot Put final at...

Sophie McKinna of England sticks her tongue out as she competes in the Women's Shot Put final at...

Australia's Olivia Vivian performs at the women's All-Around Artistic Gymnastics at the 2014...

Australia's Olivia Vivian performs at the women's All-Around Artistic Gymnastics at the 2014...

David Katoatau of Kiribati dances after winning the gold medal of the men's 105kg weightlifting...

David Katoatau of Kiribati dances after winning the gold medal of the men's 105kg weightlifting...

Schillonie Calvert of Jamaica (R) races Anyika Onuora of England during their women's 200 metres...

Schillonie Calvert of Jamaica (R) races Anyika Onuora of England during their women's 200 metres...

Canada's Isabela Maria Onyshko performs at the women's All-Around Artistic Gymnastics at the 2014...

Canada's Isabela Maria Onyshko performs at the women's All-Around Artistic Gymnastics at the 2014...

Silver medallist India's Lalita poses for photographs at the medal ceremony of women's Freestyle...

Silver medallist India's Lalita poses for photographs at the medal ceremony of women's Freestyle...

India's Vijender Singh after winning against Trinidad and Tobago's Aaron Prince in the Men's...

India's Vijender Singh after winning against Trinidad and Tobago's Aaron Prince in the Men's...

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