Press Information Bureau

Government of India

Ministry of Finance

01-April-2016 18:52 IST

• As per initial estimates, the fiscal deficit for 2015-16 is expected to be within 3.9 percent.

• Receipts of Tax Revenues are also on track and the 2015-16 RE targets are expected to be fully met when the bank scrolls are fully accounted for.

• The disinvestment target of ₹ 25,000 crore vide 2015-16 RE has also been achieved.

• Plan Expenditure for 2015-16 is expected to be around ₹ 4,70,000 crore. This is higher than the Plan BE of 2015-16 and also higher the actual plan expenditure in 2014-15.

• Government remains committed to the path of fiscal consolidation.

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MAM

Fiscal deficit control reinforced as targets met and fiscal consolidation remains government priority. The Government reports the fiscal deficit for 2015 16 is expected to be within target and reiterates commitment to fiscal consolidation. Tax receipts are on track to meet Revised Estimates once bank scrolls are accounted for. The disinvestment target has been achieved and plan expenditure for 2015 16 exceeds the Budget Estimate and the prior year's actual outlay, reflecting a consolidated fiscal stance.