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Indian Economy
Current State of the Indian Economy:
Fiscal Management
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Tax revenue (net to Centre) during April-May, 2008-09 was higher by 47.1 per cent compared with corresponding period 2007-08. In terms of value, Fiscal deficit during April-May, 2008-09 increased by 17.8 per cent over corresponding period last year. While, in terms of value, Revenue deficit during April-May, 2008-09 was higher by 14.15 per cent over corresponding period last year.

(Rupees crore)
Item  Financial Year April - May
2008-09
(Budget Estimates)
2007-08(Actuals) 2008-09 (Actuals)   Percentage to Budget Estimates
2007-08 2008-09
1 2 3 4 5 6
1. Revenue Receipts 6,02,935 25,899 36,030 5.3 6.0
2. Tax Revenue (Net) 5,07,150 21,725 31,958 5.4 6.3
3. Non-Tax Revenue 95,785 4,174 4,072 5.1 4.3
4. Capital Receipts 1,47,949 64,851 73,455 33.4 49.6
5. Recovery of Loans 4,497 349 254 23.3 5.6
6. Other Receipts 10,165 2,367 0 5.7 -
7. Borrowings and Other Liabilities 1,33,287 62,135 73,201 41.2 54.9
8. Total Receipts (1+4) 7,50,884 90,750 1,09,485 13.3 14.6
9. Non-Plan Expenditure 5,07,498 67,615 71,496 14.2 14.1
10. On Revenue Account
4,48,352 65,876 69,931 17.2 15.6
of which :          
(i) Interest Payments 1,90,807 26,221 27,229 16.5 14.3
11. On Capital Account 59,146 1,739 1,565 1.9 2.6
12. Plan Expenditure 2,43,386 23,135 37,989 11.3 15.6
13. On Revenue Account 2,09,767 19,358 33,830 11.1 16.1
14. On Capital Account 33,619 3,777 4,159 12.3 12.4
15. Total Expenditure (9+12) 7,50,884 90,750 1,09,485 13.3 14.6
16. Revenue Expenditure (10+13) 6,58,119 85,234 1,03,761 15.3 15.8
17. Capital Expenditure (11+14) 92,765 5,516 5,724 4.5 6.2
18. Revenue Deficit (16-1) 55,184 59,335 67,731 83.0 122.7
19. Fiscal Deficit {15-(1+5+6)} 1,33,287 62,135 73,201 41.2 54.9
20. Gross Primary Deficit [19-10(i)] -57,520 35,914 45,972 -4,46.3 -79.9

Notes : 1. Financial year runs from "April to March".
            2. Actuals are unaudited figures.

Source : Controller General of Accounts, Ministry of Finance, Government of India.

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