Fiscal deficit in Q1 at 56.1% of budget estimates for FY15

Tags: News
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.

Finance Minister Arun Jaitley in his Budget 2014-15 speech pledged to restrict the deficit to 4.1 per cent of the GDP, as was proposed in the interim Budget.

The data released by the Controller General of Accounts further revealed that the total expenditure of the government during April-June was Rs 4.13 lakh crore or 23 per cent of the entire year estimates.

Of the total expenditure, plan spending was Rs 1,11,806 crore and under non-plan head it was Rs 3,01,797 crore.

Revenue collection was Rs 1,14,427 crore or 9.6 per cent of the estimate. It was 11.1 per cent of the estimates in 2013-14.

Total receipts (from revenue and non-debt capital) of the government during the three months was Rs 1,15,744 crore.

The data said revenue deficit in the three months was Rs 2,49,358 crore or 65.9 per cent of the estimates.


  • All the debates are glossing over the key question if children are eating healthy food

    For some time now, we have been strapped in noodle debates. First Maggie noodles and now our own swadeshi noodles that Baba Ramdev is making.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

Baby and you

Every person who’s had a chance to be a parent ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture