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 16a. 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.
