Home >Politics >News >Fiscal deficit at 68.6% of Budget estimates during Apr-Feb

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

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.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePapermint is now on Telegram. Join mint channel in your Telegram and stay updated

Close
×
My Reads Redeem a Gift Card Logout