Comments
The Centre’s fiscal deficit during April-February 2010-11 worked out to be 68.6 per cent of the estimates compared with 92 per cent in the same period last year, showing improvement in the fiscal position.
In absolute terms, the fiscal deficit stood at Rs 2.75 lakh crore during April-February of the current fiscal against Rs 3.8 lakh crore in the same period last financial year (2009-10).
During the period, the net tax receipts of the Government stood at Rs 4.6 lakh crore and total expenditure at Rs 9.78 lakh crore, an official statement said.
The Finance Minister, Mr Pranab Mukherjee, in his 2011-12 Budget speech pegged the fiscal deficit for the current year at 5.1 per cent on the back of higher-than-expected realisation from auctioning of 3G and BWA spectrum, lower from 5.5 per cent or at Rs 3.81 lakh crore projected in the earlier Budget.
Non-tax revenue during the period stood at Rs 2.09 lakh crore, primarily on account of higher realisation from the auction of spectrum, which raked in about Rs 1.08 lakh crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.