Fiscal deficit in the first seven months of the current fiscal reached Rs4.11 lakh crore, or 74 per cent, of the Budget estimate (BE) for the whole year.
The fiscal situation in April-October showed improvement over the year ago period as the deficit then stood at 89.6 per cent of the Budget estimate of 2014-15.
The fiscal deficit - gap between government’s expenditure and revenue - for 2015-16 has been pegged at Rs5.55 lakh crore.
As per the data released by the Controller General of Accounts, tax revenue came in at Rs4.28 lakh crore, or 46.6 per cent, of the full year BE of Rs9,19,842 crore.
Total receipts from revenue and non-debt capital of the government during the first seven months read Rs6.10 lakh crore. The Government estimates Rs12.21 lakh crore receipts at end-March 2016.
The Government’s Plan expenditure during the period was Rs2.70 lakh core, 58.2 per cent of the full-year BE. During the same period last year, the Government had managed to achieve 46.4 per cent of Plan expenditure estimate. The non-Plan expenditure during April-October of 2015-16 was Rs7.50 lakh crore, or 57.2 per cent, of the whole-year estimate.