New Delhi: Central Govt. Fiscal deficit According to data released by the U.S., the budget for the full year at the end of May 2021 was Rs 1.23 lakh crore or 8.2 per cent. Controller General of Accounts (CGA).
The fiscal deficit at the end of May 2020 was 58.6 percent budget estimate (BE) of 2020-21.
In absolute terms, the fiscal deficit stood at Rs 1,23,174 crore at the end of May 2021.
The government expects the fiscal deficit to be 6.8 per cent of GDP or Rs 15,06,812 crore for 2021-2022.
The fiscal deficit or the gap between expenditure and revenue for 2020-21 stood at 9.3 per cent of gross domestic product (GDP), an improvement over the 9.5 per cent projected in the revised estimates in the budget in February.
According to CGA data, the Center received Rs 3,54,787 crore for May 2021 (17.95 per cent of the corresponding BE 2021-22 of total receipts).
This included Rs 2.33 lakh crore tax revenue (net from the Centre), Rs 1.16 lakh crore non-tax revenue and Rs 4,810 crore non-debt capital receipts. Non-debt capital receipts include recovery of loans of Rs 815 crore and disinvestment proceeds of Rs 3,995 crore.
The total receipts were 2 per cent of BE in the corresponding period of last financial year.
It further said that Rs 78,349 crore has been transferred by the Government of India to the State Governments as devolution of share of taxes till May, which is Rs 13,728 crore less than the previous year.
The total expenditure by the Center was Rs 4,77,961 crore (BE 13.72 per cent), of which Rs 4.15 lakh crore was on the revenue account and Rs 62,961 crore on the capital account.
Of the total revenue expenditure, Rs 88,573 crore was for interest payment and Rs 62,664 crore was for major subsidies.
The fiscal deficit at the end of May 2020 was 58.6 percent budget estimate (BE) of 2020-21.
In absolute terms, the fiscal deficit stood at Rs 1,23,174 crore at the end of May 2021.
The government expects the fiscal deficit to be 6.8 per cent of GDP or Rs 15,06,812 crore for 2021-2022.
The fiscal deficit or the gap between expenditure and revenue for 2020-21 stood at 9.3 per cent of gross domestic product (GDP), an improvement over the 9.5 per cent projected in the revised estimates in the budget in February.
According to CGA data, the Center received Rs 3,54,787 crore for May 2021 (17.95 per cent of the corresponding BE 2021-22 of total receipts).
This included Rs 2.33 lakh crore tax revenue (net from the Centre), Rs 1.16 lakh crore non-tax revenue and Rs 4,810 crore non-debt capital receipts. Non-debt capital receipts include recovery of loans of Rs 815 crore and disinvestment proceeds of Rs 3,995 crore.
The total receipts were 2 per cent of BE in the corresponding period of last financial year.
It further said that Rs 78,349 crore has been transferred by the Government of India to the State Governments as devolution of share of taxes till May, which is Rs 13,728 crore less than the previous year.
The total expenditure by the Center was Rs 4,77,961 crore (BE 13.72 per cent), of which Rs 4.15 lakh crore was on the revenue account and Rs 62,961 crore on the capital account.
Of the total revenue expenditure, Rs 88,573 crore was for interest payment and Rs 62,664 crore was for major subsidies.
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