(a) whether the Union Government has made an assessment of the extent of revenue and fiscal deficit during the first
six months of the current fiscal vis-…-vis the figures of
last year;
(b) if so, the details thereof, State-wise during the above period;
(c) the steps taken to check revenue and fiscal deficit for
the remaining part of the current fiscal; and
(d) the amount of loan taken so far/proposed to be taken from
the market during the said period?
FINANCE MINISTER (SHRI P. CHIDAMBARAM)
(a) to (d): A statement is placed on the Table of the House
STARRED QUESTION NO.145
(POSITION NO.4)
Statement referred to in reply to Lok Sabha Starred Question
No.145 (POSITION NO.4) of 2ND DECEMBER, 2005 by Prof. Mahadeorao
Shiwankar and Shri Dushyant Singh, regarding Fiscal Deficit.
(a) to (d): Based on the assessment of the Union Government finances,
undertaken as a part of the fiscal correction obligations mandated
under the Fiscal Responsibility and Budget Management Act, 2003,
reports are submitted to Parliament. A mid-year review is being
presented to Parliament since 2002-03, which details the fiscal
situation as at the end of the first six months of the financial
year. The Mid-year Review for 2005-06 would be placed in the
Parliament in the current session. The extent of Union revenues,
Union revenue deficit, and Union fiscal deficit for the first
six months of the current and previous financial year are given
below:
(Rs. crore) Sl. No. Indicator April-September April September 2004-05 2005-06 Union Government 1. Gross tax Revenue 1,12,843 1,37,542 2. Revenue receipts 1,06,507 1,22,845 3. Total expenditure 1,95,573 2,10,983 4. Revenue Expenditure 1,66,458 1,87,942 5. Revenue deficit 59,951 65,097 6. Fiscal deficit 53,235 83,843 (82,575) (83,843)