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Fiscal deficit at 68.6% of Budget estimates during Apr-Feb

Fiscal deficit at 68.6% of Budget estimates during Apr-Feb
PTI
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First Published: Thu, Mar 31 2011. 04 59 PM IST
Updated: Thu, Mar 31 2011. 04 59 PM IST
New Delhi: The Centre’s fiscal deficit during April-February 2010-11, worked out to be 68.6% of the estimates, compared to 92% in the same period last year, showing improvement in the fiscal position.
In absolute terms, fiscal deficit stood at Rs 2.75 lakh crore in the April-February period of the current fiscal, against Rs 3.80 lakh crore in the same period last financial year (2009-10).
In the April-February period, the net tax receipts of the government stood at Rs 4.60 lakh crore and total expenditure at Rs 9.78 lakh crore, an official statement said.
Finance minister Pranab Mukherjee in his 2011-12 Budget speech pegged the fiscal deficit for the current year at 5.1%, on the back of higher-than-expected realisation from auctioning of 3G and BWA spectrum, lower from 5.5%, or at Rs 3.81 lakh crore, projected in the earlier Budget.
The non-tax revenue in April-February period stood at Rs 2.09 lakh crore, primarily on account of higher realisation from the auction of spectrum, which raked in about Rs 1.08 lakh crore.
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First Published: Thu, Mar 31 2011. 04 59 PM IST