New Delhi : The government is likely to meet the fiscal deficit target of 4.6% for 2013-14 (Apr-Mar) on the back of higher-than-expected realisation from 2-G auction, sale of public sector enterprise exchange traded fund and other revenues in March, the finance ministry said in a report.
“Provisional information on revenues realised during March 2014 on account of higher than expected 2G auction realisation, PSE ETF sale, revenues etc suggest that revised estimate target of 4.6% would be achieved in 2013-14,” the report said.
In Apr-Feb, the government’s fiscal deficit rose to 5.993 trln rupees, well above the revised Budget target of 5.245 trln rupees for the full year ending March.
The government is likely to have garnered fiscal surplus of 748 bln rupees in March in order to meet its revised Budget estimate. The report said the government’s total public debt as on March 31 decreased 0.1% on quarter to 46.25 trln rupees. -Cogencis