At Rs 5.32 lakh Crore Fiscal Deficit Overshoots Revised Estimates Target - The New Indian Express

At Rs 5.32 lakh Crore Fiscal Deficit Overshoots Revised Estimates Target

Published: 01st March 2014 06:00 AM

Last Updated: 01st March 2014 01:24 AM

The government’s fiscal deficit in the 10 months through January 2014 has overshot revised estimates (RE) of Rs 5.24 lakh crore for this fiscal provided by Finance Minister P Chidambaram in his interim Budget last week. According to the data released by Controller General of Accounts (CGA), the fiscal deficit during April-January 2013-14 worked out to be Rs 5.32 lakh crore or 101.6% of the revised estimates. The government had in the budget for 2013-14 proposed to bring down the fiscal deficit to 4.8% of GDP or Rs 5.42 lakh crore. This figure, however, was revised downwards in the interim budget to Rs 5.24 lakh crore or 4.6% of the GDP.

comments powered by Disqus

Disclaimer: We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the NIE editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.


follow us Mobile Site iPad News Hunt Android RSS Tumblr Linekin Pinterest Youtube Google Plus Twitter Facebook