Fiscal deficit stands at 74% of full-year Budget estimate for April-October 2015

02 Dec 2015 Evaluate

Showing a positive sign, India’ s fiscal deficit for the first seven months of the current financial year narrowed compared to the same period a year ago, on account of higher tax revenue collections and despite high capital spend by the government to push economic growth. According to the data released by the Controller General of Accounts, India’ s fiscal deficit for April- October 2015-16 stood at Rs 4.11 lakh crore or 74 percent of the budget estimate for the whole year. The fiscal situation showed some improvements over the year ago period as the deficit the end of October last year stood at 89.6 per cent of the budget estimate, forcing the government to resort to cuts to stay within the budget target.

As per the data released, the total expenditure touched Rs 10.21 lakh crore or 57.5 per cent at the end of October as compared with 53.6 per cent a year ago of budget estimate for the current fiscal at Rs 17.77 lakh crore. Plan expenditure during the period was Rs 2.70 lakh core, 58.2 per cent of the full-year Budget Estimates (BE), up from 46.4 per cent a year ago. Road transport and shipping ministries led the spending drive, along with ministries of rural development, health, food processing, drinking water and sanitation, and civil aviation. Meanwhile, non-Plan expenditure during April-October of 2015-16 was Rs 7.50 lakh crore, or 57.2 per cent, of the whole-year estimate.

The data further highlighted that the tax revenue collection also showed improvement during April- October period over last year with the government managing to collect Rs 4.28 lakh crore, or 46.6 per cent, of the full year BE of Rs 9,19,842 crore as compared to 37.7 per cent in the same period last fiscal. Total receipts from revenue and non-debt capital of the government during the first seven months stood at Rs 6.10 lakh crore representing an achievement of 50 percent. The government estimates Rs 12.21 lakh crore receipts at end-March 2016.

The revenue collections were up 25 per cent in October from last year gaining substantially from healthy growth in indirect tax collections due to additional revenue measures. The Centre's indirect tax mop-up rose 35.9 per cent in the first seven months of 2015-16 on account of excise increases on diesel and petrol, withdrawal of exemptions for motor vehicles, capital goods and consumer durables and the increase in service tax rate from 12.36 per cent to 14 per cent. Besides, the government introduced the Swachh Bharat cess of 0.5 per cent with effect from November 15, whose impact will be visible from next month.

The revenue deficit during the first seven months period stood at Rs.2.87 lakh crore, or 72.9%, of BE for 2015-16. The fiscal deficit – gap between government’s expenditure and revenue for 2015-16 has been pegged at Rs 5.55 lakh crore or 3.9 per cent of the gross domestic product (GDP).

Create stable, long-term investment portfolio with strong, consistent stocks.

Start Research-backed Investing ...Now. Subscribe to Sapphire

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

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

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

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.