Fiscal deficit in April at a quarter of its full year target: GoI

Q.  What percent of the budget estimate did the fiscal deficit come to in April?
- Published on 01 Jun 16

a. 25.4
b. 25.6
c. 25.7
d. 25.8

ANSWER: 25.7
 
Fiscal deficit in April came in at Rs 1.37 lakh crore, which is 25.7 percent of the Budget estimate for 2016-17.
  • Fiscal deficit is the gap between expenditure and revenue, which for the whole fiscal has been pegged at Rs 5.33 lakh crore.
  • The deficit in April last fiscal was 23 percent of the Budget estimate. For 2016-17, the government has set a fiscal deficit target of 3.5 percent.
  • According to data released by the Controller and Accounts General, total expenditure of the government in April read Rs 1.61 lakh crore, or 8.2 percent of the full-year estimate.
  • Of the total expenditure, Plan spending was Rs 45,543 crore while for non-plan spending was Rs 1,16,442 crore. Revenue collection was Rs 22,075 crore, or 1.6 percent of the estimate. Total receipts of the government - from revenue and non-debt capital - in April stood at Rs 24,659 crore.

Post your comment / Share knowledge


Enter the code shown above:

(Note: If you cannot read the numbers in the above image, reload the page to generate a new one.)