NEW DELHI: The country's fiscal deficit touched 134.2 in step with cent of the full-year revised budgeted estimate at the finish of February 2019, basically because of tepid expansion in earnings collections, reliable information confirmed on Friday. In absolute time period, fiscal deficit for April-February 2018-19 was Rs eight.51 lakh crore as in opposition to the revised estimate (RE) of Rs 6.34 lakh crore for the entire year, in line with controller common of accounts (CGA) information.
However, economic affairs secretary S C Garg instructed newshounds that the government is committed to restrict the fiscal deficit at 3.four in step with cent of the Gross Domestic Product (GDP) as envisaged within the finances.
The CGA information printed that earnings receipts of the central government was Rs 12.65 lakh crore or 73.2 in step with cent of the revised budgetary estimate (BE) at February finish. In the same period ultimate fiscal, the earnings assortment was 78.2 in step with cent of the estimates.
The government's tax earnings stood at Rs 10.94 lakh crore and non-tax earnings was Rs 1.7 lakh crore.
Total expenditure incurred through the government all the way through April-February 2018-19 was Rs 21.88 lakh crore (89.08 in step with cent of RE), of which Rs 19.15 lakh crore was on earnings account and Rs 2.73 lakh crore on capital account.
Out of the full earnings expenditure, Rs five.01 lakh crore was because of pastime payments and Rs 2.63 lakh crore on primary subsidies.
Meanwhile, the finance ministry in a observation said that Rs five.96 lakh crore has been transferred to the state governments as devolution of share of taxes through the central government up to February, which is Rs 67,043 crore upper than the corresponding period of ultimate year 2017-18.
However, economic affairs secretary S C Garg instructed newshounds that the government is committed to restrict the fiscal deficit at 3.four in step with cent of the Gross Domestic Product (GDP) as envisaged within the finances.
The CGA information printed that earnings receipts of the central government was Rs 12.65 lakh crore or 73.2 in step with cent of the revised budgetary estimate (BE) at February finish. In the same period ultimate fiscal, the earnings assortment was 78.2 in step with cent of the estimates.
The government's tax earnings stood at Rs 10.94 lakh crore and non-tax earnings was Rs 1.7 lakh crore.
Total expenditure incurred through the government all the way through April-February 2018-19 was Rs 21.88 lakh crore (89.08 in step with cent of RE), of which Rs 19.15 lakh crore was on earnings account and Rs 2.73 lakh crore on capital account.
Out of the full earnings expenditure, Rs five.01 lakh crore was because of pastime payments and Rs 2.63 lakh crore on primary subsidies.
Meanwhile, the finance ministry in a observation said that Rs five.96 lakh crore has been transferred to the state governments as devolution of share of taxes through the central government up to February, which is Rs 67,043 crore upper than the corresponding period of ultimate year 2017-18.
Fiscal deficit crosses 134% of budget estimate
![Fiscal deficit crosses 134% of budget estimate]()
Reviewed by Kailash
on
March 31, 2019
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