Sunday, September 1, 2013

Fiscal deficit @ 62.8% of actuals to FY 14 BEs

July Fiscal Deficit at 62.8% of Actuals to FY14BEs

1 09 2013


The gross fiscal deficit of the Central government stands at 62.8% of the actuals to budget estimates at the end of July 2013 as compared to 51.5% of the actuals to budget estimates in the corresponding period of the previous year. The primary deficit significantly increased to 148% of the actuals to budget estimates at the end of July2013 as compared to 94.8% of the actuals to budget estimates during corresponding period of the previous year.


 Differentials in use of fiscal deficit space by July 2013 vis-୶is July 2012                                   (in %)
Source: PHD Research Bureau, compiled from Government of India accounts, Government of India
Note: The Fiscal deficit data pertains to the end of the respective month
 The data for February 2013 and February 2012 pertains to actuals to revised estimates
* indicates data at the end of respective financial year and are % of actuals to revised estimates

The revenue receipts at the end of July 2013 of the central government stands at 16.7% of the actuals to budget estimates as compared with 18% of the actuals to budget estimates at the end of July 2012.

Fiscal position for July  FY2014 vis-୶is July  FY2013
Month
% of Actuals to Budget Estimates FY2014*
% of Actuals to Budgeted Estimates FY2013*
% of Actuals to Budgeted Estimates FY2012*
April
17.3
13.1
18.1
May
33.3
27.6
31.7
June
48.4
37.1
39.4
July
 62.8
51.5
55.4
August
 –
65.7
66.3
September
 –
65.6
68
October
 –
71.6
74.4
November
 –
80.4
85.6
December
 –
78.8
92.3
January
 –
90.7
105.4
February**
 –
97.4
94.6
March
 –
94^
98.9^
Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India
Note: * Data pertains to the end of the respective month
** Data for February 2013 and February 2012 pertains to actuals to revised estimates
^ indicates data at the end of respective financial year and are % of actuals to revised estimates

The government’s market borrowing stands at 50% of the actuals to budget estimates at the end of July 2013 as compared with 49% of the actuals to budget estimates at the end of July 2012. The domestic financing stands at 64% of the actuals to budget estimates at the end of July 2013, higher as compared to 53% of the actuals to budget estimates at the end of July 2012. The external financing of the government stands at 10% of the actuals to budget estimates at the end of July 2013 as against (-) 14 % of the actuals to budget estimates at the end of July 2012. The total financing of the central government stands at 63% of the actuals to budget estimates at the end of July 2013 as against 51% of the actuals to budget estimates during the corresponding period of previous year.

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