Fiscal Deficit estimated at 4.6% of GDP

Presenting the union budget 2011-12, the Finance Minister Shri Pranab Mukherjee announced that the total plan expenditure has been increased by 18.3% to Rs. 4,41,547 crore and the non-plan expenditure increases by 10.9% to Rs. 8,16,182 crore.

The gross tax receipts are estimated to grow by 24.9% to Rs. 9,32,440. Rs. 2,01,733 crore will be transferred to the Sates and UTs as plan and non plan transfers. This also marks a rise of 23% over budget estimates of last year.

The fiscal deficit is estimated at Rs. 4,12,817 crore which works out to 4.6% of the GDP.

Source : Equity Bulls

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