SME Times News Bureau | 29 Nov, 2014
India's fiscal deficit has hit 89.6 percent of the budget estimates for 2014-15 by the end of October, crossing Rs.4.75 lakh crore, data released by the Controller General of Accounts said New Delhi Friday.
The deficit was 84.4 percent during the corresponding period in 2013-14.
Total expenditure of the government during the April-October period was over Rs.9.62 lakh crore or 53.6 percent of the estimates for entire 2014-15.
Out of the total expenditure, plan expenditure was in the tune of Rs.2.67 lakh crore and non-plan was Rs.6.95 lakh crore.
Net tax revenue receipts between April-October of 2014-15 stood at over Rs.3.68 lakh crore, or 37.7 percent of the budget estimate.
The non-tax revenue receipts was Rs.1.11 lakh crore or 52.3 percent of the budget estimate.
The total revenue receipts during the period was Rs.4.8 lakh crore or 40.4 percent of the budget estimate, the data revealed.
Revenue deficit during the period was at Rs.3.7 lakh crore or 98.5 percent of the estimate.
