SME Times News Bureau | 24 Jun, 2019
Fiscal deficit for the month of April reached Rs
1,57,048 crore or 22 percent of the budgeted estimate for the year 2019-20, Department
of Expenditure (DoE) figures showed.
April fiscal deficit is slightly lower than what it
was in the same period a year ago and as a percentage to the GDP, the fiscal
deficit is at 0.75 per cent.
These are the fiscal situation of the Central government as seen from the
accounts for April 2019 of the Controller General of Accounts (CGA). For
2019-20, the fiscal deficit has been set at 3.4 per cent of the GDP in the
Fiscal deficit is Rs 1,57,048 crore -- 22 per cent of budget estimate (BE)
(corresponding period for previous year - COPPY 24 per cent). The receipts are
sufficient to cover only 38 per cent of expenditure. As a percentage to GDP,
fiscal deficit is 0.75 per cent and revenue deficit is 0.61 per cent, the
figures of Review of Accounts of April of the CGA stated.
For April, the total expenditure of the government was Rs 2,54,679 crore or 9
per cent of BE (COPPY 9 per cent), comprising revenue expenditure of Rs
2,24,091 crore -- 9 per cent of BE (COPPY 8 per cent) and capital expenditure
of Rs 30,588 crore -- 9 per cent of BE (COPPY 16 per cent).
Total receipts were Rs 97,631 crore --5 per cent of the BE (COPPY 4 per cent).
Gross tax was Rs 1,21,190 crore -- 5 per cent of the BE (COPPY 5 per cent). The
net tax revenue to the Centre was of the order of Rs 71,637 crore -- 4 per cent
of BE after deducting devolution to states (Rs 49,544 crore) and collections
under National Calamity Contingent Duty (NCCD) to be transferred to National
Disaster Relief Fund (NDRF) (Rs 9 crore).
Total receipts include Net Tax Revenue to Centre (Rs 71,637 crore), Non Tax
Revenue (Rs 23,293 crore) and other receipts (Rs 2,701 crore).
During the month of May, the plan releases for various schemes to the tune of
Rs 2,012.70 crore were made to the states.
A sum of Rs 49,543.62 crore was devolved to states as their share in Central
Taxes and Duties. In addition, releases of the order of Rs 3,850.57 crore were
made to the states in May, as recommended by the 14th Finance Commission. NDRF
allocation was Rs 788.75 crore and Post Devolution Revenue Deficit (PDRD) was
Rs 2,850.57 crore.