AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
INDIA'S H1 REVENUE DEFICIT EXCEEDS 2008-09 BUDGET ESTIMATES.
NEW DELHI, Nov 3 Asia Pulse - The Indian government finances are deteriorating as the revenue deficit at the end of the first half has gone up to 78,313 crore (US$16 billion), which is almost 142 per cent of the Budget estimate for the entire year, reveals the data released by Controller General of Accounts (CGA).
The revenue deficit, the difference between the revenue receipts and current expenditure, was estimated at Rs 55,184 crore for the entire year.
The fiscal deficit, which is a measure of government borrowings, the data points out, went up to Rs 1.23 lakh crore (US$25 billion) at the end of September, which was 77 per cent of the Budget estimate compared to 58.2 per cent during the corresponding period last year.
Both fiscal and revenue deficits showed an increase because of lower receipts during April-September 2008 period.
The situation may deteriorate in the coming ...
- COMBINED GROSS FISCAL DEFICIT TO DECLINE TO 7.6 PERCENT OF GDP (revenue deficit...
- News wire article from: Asia Africa Intelligence Wire July 26, 2005 700+ words
...India has placed the Indian government's revenue deficit as a proportion of budget estimates at 3.4 percent during Apr-May 2005...The primary deficit as a proportion of budget estimates has also been placed lower at 1.7 percent...
- REVENUE DEFICIT EXCEEDS 82.6 PERCENT (fiscal deficit stands at 38.2 percent of...
- News wire article from: Asia Africa Intelligence Wire October 1, 2004 700+ words
...Accounts indicates that the revenue deficit at the end of the period...82.6 percent of the budget estimates for 2004-2005. The revenue deficit at the end of the period...38.2 percent of the budget estimates (28.3 percent in Apr...
- FM TO EXPLAIN AS REVENUE DEFICIT SHOOTS UP TO 79 PERCENT (revenue deficit as on...
- News wire article from: Asia Africa Intelligence Wire October 30, 2004 700+ words
...restrict the revenue deficit to 45 percent of the budget estimates for the half...Act. The revenue deficit as on 30 Sep...to the high revenue deficit. Revenue receipts...percent of the budget estimates as against 37...
- BURGEONING DEFICIT IN FIRST QUARTER WORRIES GOVERNMENT (revenue deficit goes up...
- News wire article from: Asia Africa Intelligence Wire August 27, 2004 700+ words
...concern over increase in revenue deficit from Rs40,031 crore or...in Apr-Jun 2004. The budget estimates had pegged revenue deficit at Rs1,12,292 crore...corresponding to 20 percent of budget estimates as compared to 18 percent...
- Revenue deficit likely to rise: RBI.
- News wire article from: Asia Africa Intelligence Wire May 25, 2005 700+ words
...during 2004-05 and revenue deficit is targeted to remain...projections of the revenue deficit and the fiscal deficit...government in the Budget estimates for 2004-05 envisaged the ratio of revenue deficit to GDP at 2.5 per...
- NEWS: Revenue, fiscal deficits may exceed budget estimates: Govt.
- News wire article from: Business Line October 25, 2008 700+ words
...final figures of fiscal deficit and revenue deficit for the current fiscal might exceed the budget estimates, following the perceived slowdown...budget target of fiscal deficit and revenue deficit. Even as the FRBM statement has recognised...
- FISCAL DEFICIT DIPS BELOW REVENUE DEFICIT (during Apr-Jul 2003).
- News wire article from: Asia Africa Intelligence Wire August 30, 2003 700+ words
...fiscal deficit has dipped below the revenue deficit for the first time during Apr...Governments. As a result, the revenue deficit touched Rs61,373 crore or 54.7 percent of the budget estimates of 4.7 percent. Fiscal deficit...
- Finance Ministry asks inputs to revise budget estimates.
- News wire article from: PTI - The Press Trust of India Ltd. October 23, 2006 700+ words
...0.3 per cent and revenue deficit by 0.5 per cent every...during 2004-05 and revenue deficit 2.7 per cent, the...the FRBM Act. The revenue deficit at 2.6 per cent was lower than budget estimates but quite higher than...
- FISCAL DEFICIT TARGET WILL NOT BE MET: NCAER (due to lack of clear fiscal...
- News wire article from: Asia Africa Intelligence Wire February 10, 2003 700+ words
...strategy and current mismatch between budget estimates and actual outturns. NCEAR...variations in the actual outcomes and budget estimates have increased. The FRBM Bill is aimed at eliminating revenue deficit and achieving overall fiscal deficit...
- Centre may miss fiscal, revenue deficit targets this fiscal.(Financial report)
- News wire article from: PTI - The Press Trust of India Ltd. October 22, 2008 700+ words
...may miss fiscal, revenue deficit targets this fiscal...According to the budget estimates, the Centre would...three per cent and revenue deficit to 1-1.1 per...borrowing), while revenue deficit is the difference...
Source: HighBeam Research, INDIA'S H1 REVENUE DEFICIT EXCEEDS 2008-09 BUDGET ESTIMATES.