New Delhi: The fiscal deficit in the first quarter of 2014-15 was Rs 2.97 lakh crore or 56.1 per cent of Budget Estimates for the entire financial year. The fiscal deficit – gap between government expenditure and revenue – for the whole fiscal has been pegged at Rs 5.31 lakh crore.
During the April-June period of 2013-14 fiscal, the deficit was 48.4 per cent of Budget Estimates. The fiscal deficit was Rs 5,08,149 crore or 4.5 per cent of GDP in 2013-14, down from 4.9 per cent in the previous year. The government had put in place a fiscal consolidation roadmap as per which the fiscal deficit has to be brought down to 3 per cent of the GDP by 2016-17.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in