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Fiscal Deficit to be Brought Down to 5.1% of GDPIN 2012-13 From 5.9% In 2011-12.
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....iscal Deficit to be Brought Down to 5.1% of GDPIN 2012-13 From 5.9% In 2011-12. <br>News and Press Release<br>Dated:- 16-3-2012<br><BR>Press Information Bureau Government of India Ministry of Financ....
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....e 16-March-2012 13:50 IST Fiscal Deficit to be Brought Down to 5.1% of GDPIN 2012-13 From 5.9% In 2011-12 The Fiscal Deficit in the Union Budget 2012-13 has been pegged at Rs.5,13,590 Crore which i....
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....s 5.1% of the GDP. In 2011-12 RE, it was 5.9% of the GDP and Rs.5,21,980 Crore in absolute terms. After taking into account other items of financing, the net market borrowings through dated securities....
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.... through finance this deficit is Rs.4,79,000 Crore. With this the total debt stock at the end of 2012-13 would work out at 45.5% of GDP as compared to the 13th Finance Commission target of 50.5% of GD....
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....P. The effective revenue deficit in BE 2012-13 works out to Rs.1,85,752Crore which is 1.8% of GDP. This has been achieved due to various steps taken by the Government for fiscal consolidation despite....
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.... fall in the direct tax collectionsby Rs.32,000 Crore and the Government absorbing duty reduction in petroleum sector with annual revenue loss of Rs.49,000 Crore in the year 2011-12. The Government al....
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....so had to incur higher expenditure on petroleum and fertilizer subsidy to insulate people from the rising prices. DSM/RS/JR/26<BR> News - Press release - PIB....