Fiscal deficit at Rs 2.97 lakh crore in Q1 FY2015, 56% of Budget Estimates

The month of June 2014 saw a fiscal deficit of Rs 57,022 crore, against a fiscal deficit of Rs 1,27,383 crore seen previous month. The Fiscal Deficit for the first quarter FY15 (April to June 2014-15) was placed at Rs 2,97,859 crore, which amounted to 56.1% of the budget estimates.

Total expenditure was at Rs 4,13,603 crore in April-June 2014 recording 23% of the BE. Of the total expenditure, plan expenditure was Rs 1,11,806 crore and non-plan expenditure was Rs 3,01,797 crore.

Revenue collection was Rs 1,14,427 crore or 9.6% of the BE. It was 11.1% of the BE in 2013-14. Total receipts (from revenue and non-debt capital) of the government during the first three months of FY15 was Rs 1,15,744 crore. The revenue deficit in the three months was Rs Rs 2,49,358 crore or 65.9% of the BE.

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