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Plan spend may be lower than Budget estimates for 2011-12
Though the Centre’s fiscal consolidation story is taking a hit, Plan expenditure is likely to provide some respite. In the Budget, expected to be tabled by mid-March, the Plan expenditure is likely to be scaled down in the revised estimates for 2011-12, compared to Budget estimates. “The revised estimate for Plan expenditure is expected to show a fall, compared to Budget estimates,”
Though the Centre’s fiscal consolidation story is taking a hit, Plan expenditure is likely to provide some respite. In the Budget, expected to be tabled by mid-March, the Plan expenditure is likely to be scaled down in the revised estimates for 2011-12, compared to Budget estimates. “The revised estimate for Plan expenditure is expected to show a fall, compared to Budget estimates,”
Centre's borrowings to exceed Rs 5 lakh cr
The government’s finances are really not matching up to earlier expectations. This financial year, the Centre is set to go for market borrowings of over Rs 5 lakh crore, the highest ever.
The government’s finances are really not matching up to earlier expectations. This financial year, the Centre is set to go for market borrowings of over Rs 5 lakh crore, the highest ever.
FinMin confident of meeting 4.6% fiscal deficit target
The finance ministry is riding high on the expectations of tax collections surpassing budget estimate in the current financial year.
The finance ministry is riding high on the expectations of tax collections surpassing budget estimate in the current financial year.
First quarter tax collection figures belie fears of economic slowdown
Belying slowdown fears, the government’s net indirect tax receipts recorded 32 per cent increase to Rs 76,499 crore, while gross direct tax collections rose about 23 per cent to Rs 1,03,000
April-May data shows fiscal struggle ahead
The government’s fiscal deficit in April-May was Rs 1,30,726 crore, being 31.7 per cent of the Budget Estimate (BE) of Rs 4,12,817 crore for the full financial year.
The government’s fiscal deficit in April-May was Rs 1,30,726 crore, being 31.7 per cent of the Budget Estimate (BE) of Rs 4,12,817 crore for the full financial year.
FinMin, economists differ on fiscal deficit target
Rise in global commodity as well as crude prices, mounting subsidy burden, and the fear of a shortfall in disinvestment proceeds have made economists and experts unsure about the state of
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