Fiscal balance turns to surplus for first time in 8 years: CAG
Q. The Controller-General of Accounts (CGA) during October 2015 announced that India’s fiscal balance turned from deficit to surplus for the first time in _ years.- Published on 20 Oct 15a. 6
b. 9
c. 10
d. 8
ANSWER: 8
Fiscal deficit-difference between revenue and expenditure excluding borrowings on August 2015 was at INR 15808 crore that indicates surplus of revenues over expenditure. Surplus in the exchequer is considerably significant as fiscal deficit was INR 73005 crore during the last fiscal within the same period. Total expenditure in August 2015 was only INR 1311214 crore as against total revenue of INR 147022 crore.
