SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Fiscal deficit at 37.5% of FY16 target in April-May

Fiscal deficit at 37.5% of FY16 target in April-May

01 Jul 2015 Evaluate

Showing a better situation of finance, for the first two months (April-May ) of 2015-16, the Centre’s fiscal deficit stood at Rs 2.08 lakh crore, or 37.5 per cent of the 2015-16 Budget estimate of Rs 5.56 lakh crore, compared with 45.3 per cent in the corresponding period last year. The narrower fiscal deficit was mainly due to higher non-tax revenue and lower non-Plan expenditure. For 2015-16, Finance Minister Arun Jaitley had set a fiscal deficit Budget estimate of 3.9 per cent of gross domestic product (GDP), compared with four per cent in 2014-15.

For the first two months of the fiscal net tax revenue stood at Rs 19,889 crore, or 2.2 per cent of the full-year Budget estimate, compared with 2.9 per cent or 14.6 per cent of the full-year estimate Rs 32,472 crore, in the year-ago period. Total receipts stood at Rs 52,361 crore, or 4.6 per cent of the 2015-16 Budget estimate, compared with 3.2 per cent for April-May 2014.

According to the data compiled the Controller General of Accounts the total expenditure for April-May this year was Rs 2.63 lakh crore, 13.4 per cent of the full-year estimate. Total expenditure in the corresponding period last year was R2.8 lakh crore, or 15.6% of the BE for the year. Of the total expenditure, Non-Plan expenditure for April-May stood at Rs 2.01 lakh crore, 15.3 per cent of the full-year estimate, compared with 18.1 per cent for the first two months of the last financial year. Plan expenditure was 13.4 per cent at Rs 62,106 crore, compared with 10.4 per cent last year.

However, tax revenues haven’t performed very well. The April-May net tax collection was Rs 19,889 crore, which is 2.2% of the estimate for the full year; in the corresponding period a year ago, the net tax revenue stood at 2.9% of that year’s target. Revenue deficit, a better measure of government finances, stood at R1.73 lakh crore, 43.8% of the full year target in April-May, as against 54.2% in the year ago period.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: