The Hindu : Fiscal deficit at Rs. 15,329 cr. in April

Online edition of India's National Newspaper
Thursday, Jun 06, 2002

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Fiscal deficit at Rs. 15,329 cr. in April

NEW DELHI JUNE 5. The financial year started with the fiscal deficit touching Rs. 15,329 crores in April which was over 11 per cent of the budgeted Rs. 135,524 crores for the whole year.

The revenue deficit stood at Rs. 15,200 crores in April, which was near 16 per cent of the budgeted Rs. 95,377 crores for this fiscal, according to the Controller General of Accounts.

The revenue collections so far in this fiscal stood at Rs. 3,265 crores which were 1.3 per cent of Rs. 245,105 crores budgeted for 2002-03.

Tax and non-tax mop up stood at Rs. 2,087 crores and Rs. 1,178 crores respectively showing 1.2 per cent and 1.6 per cent of the budgeted Rs. 172,965 crores and Rs. 72,140 crores.

Total receipts stood at Rs. 5,357 crores comprising near 2 per cent of the budgeted Rs. 274,785 crores for this fiscal.

However, expenditure stood at Rs. 20,686 crores ticking 5 per cent of the budgeted Rs. 410,309 crores for 2002-03.

Plan expenditure was Rs. 4,221 crores or 3.7 per cent of the budgeted Rs. 113,500 crores, while non-Plan expenditure stood at Rs. 16,465 crores which was 5.5 per cent of the budgeted Rs. 296,809 crores for this fiscal.

Domestic borrowing by government was Rs. 16,315.37 crores which was 12 per cent of the budgeted Rs. 134,754.21 crores for the whole year mainly due to market borrowing and through public provident fund.

The market borrowing stood at Rs. 19,065.49 crores which was 20 per cent of the budgeted Rs. 95,859 crores for 2002-03, while earnings through PPF were Rs. 3,495.48 crores or 38 per cent of the budgeted Rs. 9,120 crores. — PTI

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