April October fiscal deficit pegged at INR 4.11 lakh crore

Q.  April-October fiscal deficit has been estimated at INR ___ lakh crore, according to GoI estimates
- Published on 01 Dec 15

a. 4.10
b. 4.11
c. 4.12
d. 4.13

ANSWER: 4.11
 
Fiscal deficit for April to October narrowed to INR 4.11 lakh crore as against INR 4.75 crore in the same period last year (2014-2015). Total spending stood at at INR 10.22 lakh crore, 57.5 percent of FY16 estimate, and net tax receipts for the period stood at INR 4.29 lakh crore. Non-plan spend was INR 7.51 lakh crore, 57.2 percent of FY16 estimate, and Plan spend was INR 2.71 lakh crore, 58.2 percent of FY16 estimate. Revenue deficit was INR 2.88 lakh crore, 72.9 percent of FY16 estimate, and non-tax revenue at INR 1.62 lakh crore, 73 percent of FY16 estimate. April-October revenue receipts stood at INR 5.91 lakh crore, 51.7 percent of FY16 estimate GE Step Ahead.

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