SEBI Reg. Investment Advisor

Download App
Help Center Pricing
Money Works 4 Me Logo MoneyWorks4Me
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. Finance Ministry to make substantial cuts in its plan expenditure for FY 14

Finance Ministry to make substantial cuts in its plan expenditure for FY 14

04 Feb 2013 Evaluate

In a move to contain the fiscal deficit at 4.8 per cent of the gross domestic product (GDP), the finance ministry is expected to make a substantial cut in its plan expenditure for 2013-14 fiscal year. The ministry has set its fiscal deficit target to 4.8% of the GDP for the next fiscal year.

The government is mulling to cut the plan expenditure for the next year in order to restrict the fiscal deficit as per the roadmap under which it has to be lowered to 3 per cent by 2016-17. As per the finance ministry, it will scrutinise the utilisation of funds allotted in the current fiscal year before releasing any amount for next year in the budget, which is scheduled to be announced on February 28. According to data of Controller General of Accounts (CGA), till December, the plan expenditure has been 56.8 per cent of the budget estimates or about Rs. 2.96 crore till December and the non-plan expenditure was 72 per cent of budget estimated at Rs. 6.95 lakh crore.

Further, to contain the fiscal deficit at 5.3 per cent for this fiscal, the Finance Ministry has already asked all the government departments to cap spending in January-March quarter at 33 per cent of the total funds allocated for the full financial year as the government's fiscal deficit touched 78.8 per cent of the budget estimates (BE) in the April-December 2012. While, the government had hiked the fiscal deficit target for the current fiscal year to 5.3 per cent of GDP from 5.1 per cent estimated in Budget.

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:

×