Fiscal Deficit and Subsidy Payment

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....iscal Deficit and Subsidy Payment <br>News and Press Release<br>Dated:- 25-7-2014<br><BR>The details of fiscal deficit for the last three years, and estimated for the current year, along with reasons are given below: (in crores of rupees) 2011-12 (Actuals) 2012-13 (Actuals) 2013-14 (Provisional) 2014-15 (B.E.) Reasons for fiscal deficit 5,16,269 (5.8% of GDP) 4,90,190 (4.9% of GDP) ....

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.... 5,08,149 (4.5% of GDP) 5,31,177 (4.1% of GDP) Higher Government expenditurein comparison to total receipts is the main reason for fiscal deficit. Commodity-wise details of subsidies given during the last three years are as under: (in crores of rupees) Details of Subsidy 2011-12 (Actuals) 2012-13 (Actuals) 2013-14 (R.E.) Fertiliser Subsidy 70012.70 65612.81 67971.50 Food Subsid....

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....y 72822.07 85000.00 92000.00 Petroleum Subsidy 68484.01 96879.87 85480.00 Interest Subsidies 5049.45 7270.37 8174.85 Other Subsidies 1572.87 2315.55 1889.90 Total 217941.10 257078.60 255516.25 Direct Benefit Transfer on LPG (DBTL) was rolled out with effect from 1st June, 2013 in 291 districts in phased manner, wherein disbursement of subsidy in cash was being transferred to A....

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....adhaar seeded bank accounts of LPG consumers. DBTL has been put on hold since 28.2.2014 and Government had formed a Committee to look into the grievances of LPG consumers with regard to DBTL. This information was given by the Minister of State for Finance, Smt. Nirmala Sitharaman in written reply to a question in Lok Sabha today.<BR> News - Press release - PIB....