Fiscal Deficit for the Year 2013-14 Estimated at 4.8%, to be Brought Down to 3% by 2016-17

The fiscal deficit for the current year has been contained at 5.2% and the fiscal deficit for the year 2013-14 is estimated at 4.8%.

Presenting the Budget 2013-14 in Parliament today, the Finance Minister Sh. P. Chidambaram said that the revenue deficit for the current year will be 3.9% and the revenue deficit for the year 2013-14 is estimated at 3.3.%. Announcing that the red lines drawn by him with regard to budgetary estimates has not been crossed, the Minister redeemed his promise to bring down the fiscal deficit to 3%, the revenue deficit to 1.5% and the effective revenue deficit to zero by 2016-17. The Minister announced that the estimate of Plan Expenditure is placed at Rs. 5,55,323 crore which as a proportion of total expenditure will be 33.3%. The Minister said that the non-plan expenditure is estimated at Rs. 11,09,975 crore.

Source : Equity Bulls

Keywords