Fiscal deficit at 68.6% of Budget estimates during Apr-Feb1 min read . Updated: 31 Mar 2011, 04:59 PM IST
Fiscal deficit at 68.6% of Budget estimates during Apr-Feb
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 ₹ 2.75 lakh crore in the April-February period of the current fiscal, against ₹ 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 ₹ 4.60 lakh crore and total expenditure at ₹ 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 ₹ 3.81 lakh crore, projected in the earlier Budget.
The non-tax revenue in April-February period stood at ₹ 2.09 lakh crore, primarily on account of higher realisation from the auction of spectrum, which raked in about ₹ 1.08 lakh crore.