New Delhi: The fiscal deficit in the first four months of current financial year stood at Rs 3.85 lakh crore, or 69.3 of Budget estimates for 2015-16, as government stepped up its plan expenditure.
The fiscal deficit during April-July 2014-15 was 61.2 of the Budget estimates.
The fiscal deficit -- gap between expenditure and revenue -- for the entire current fiscal has been pegged at Rs 5.55 lakh crore.
Net tax receipts in April-July period of 2015-16 stood at Rs 1.54 lakh crore.
Total expenditure of the government during April-July was nearly Rs 6 lakh crore, or 33.8 of the entire year estimates.
Of the total expenditure, plan spending was over Rs 1.57 lakh crore and non-plan was over Rs 4.43 lakh crore.
The revenue deficit during the four months was over Rs 3.05 lakh crore, or 77.6 of the estimates, Controller General of Accounts (CGA) data showed.
For the 2015-16 fiscal, the government aims to restrict fiscal deficit to Rs 5.55 lakh crore, or 3.9 of the GDP.
The fiscal deficit was Rs 5.01 lakh crore, or 4 of GDP, in 2014-15, down from 4.1 pegged in the revised estimate.
PTI
First Published: Monday, August 31, 2015, 19:26