Fiscal deficit at Rs 2.4 lakh crore in April-May 2014, 46% of Budget Estimates

The month of May 2014 saw a fiscal deficit of Rs 1,27,383 crore, against a fiscal deficit of Rs 1,13,454 crore seen previous month. The fiscal deficit for the period April to May was placed at Rs 2,40,837 crore, which amounted to 45.6% of the budget estimates (BE) compared with 33.3% of BE during the same period last year.

Total expenditure was at Rs 2,80,339 crore in April-May 2014 recording 16% of the BE. Of the total expenditure, plan expenditure was Rs 59,609 crore and non-plan expenditure was Rs 2,20,730 crore.

Revenue collection was Rs 38,505 crore or 3.3% of the BE. It was 3.4% of the BE in FY14.Total receipts (from revenue and non-debt capital) of the government during the two months was Rs 39,502 crore. The revenue deficit in the two months was Rs 2,05,080 crore or 53.6% of BE.

Powered by Capital Market - Live News