April-October 2014-15 fiscal deficit reaches 89% of BE

April-October 2014-15 fiscal deficit was Rs 4.76 lakh crore a astonishing 89.6% of the Budget Estimate (BE) of Rs 5.31 lakh crore. For April-October 2013-14, the fiscal deficit was 84.4% of the FY14 BE. The month of October 2014 saw a fiscal deficit of Rs 36,925 crore, against a fiscal deficit of Rs 40,897 crore seen previous month.

Non-Plan expenditure was Rs 6.95 lakh crore for April-October 2014-15, or 57% of FY15 BE of Rs 12.20 lakh crore, compared with 59% for the same period last year. Plan expenditure for April-October 2014-15 was Rs 2.67 lakh crore, or 46.4% of FY15 BE of 5.75 lakh crore, compared with 48.3% for the same period last fiscal.

Net tax revenues for April-October 2014-15 were about Rs 3.69 lakh crore, or 37.7% of FY15 BE of Rs 9.77 lakh crore, while non-tax revenue for the period was Rs 1.11 lakh crore, about 52.3% of FY15 BE of Rs 2.12 lakh crore. For the same period of last year, tax and non-tax revenues were 40.3% and 57.8% of FY14 targets, respectively.

Powered by Capital Market - Live News