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. Fiscal deficit during Apr-Feb FY14 reaches 114.3% of full-year target

Fiscal deficit during Apr-Feb FY14 reaches 114.3% of full-year target

01 Apr 2014 Evaluate

Giving no respite to the government, India’s fiscal deficit during the first eleven months of the financial year 2013-14 touched Rs 5,99,299 crore, or 114.3% of the full year target. Fiscal deficit, which is the gap between expenditure and revenue, was 97.4 percent of target during the same period of previous fiscal year. Net tax receipts were at Rs 6,27,134 crore in the first 11 months of 2013-14 fiscal, while total expenditure was about Rs 13,99,757 crore in the reported period. The revenue deficit at Rs 4,34,378 crore at the end of February crossed the year's target of Rs 3,70,288 crore.

The government in the interim budget in February had revised lower the target for FY14 to Rs 5,24,539 crore or 4.6 percent of the GDP from 4.8 percent of the GDP earlier. Lower tax collections due to prevailing economic slowdown remained the main reason for high fiscal deficit.

However, the finance minister has expressed confidence to achieve the revised estimate of 4.6% of GDP for FY14. The government has been taking measures to enhance tax collections revenue. The Central Board of Direct Taxes (CBDT) has recently launched a number of searches and survey operations across the country to clamp down on cases of tax evasions which have resulted in a number of entities declaring their hidden incomes and remitting the money in government treasury. Further, the government is tapping the ETF route for achieving revised disinvestment target of Rs 16,000 crore and has garnered huge amount through current CPSE-Exchange Traded Fund (ETF). The government has so far undertaken two follow-on public offers (FPOs), six offers for sale (OFS) and one buy-back offer besides the present CPSE-ETF to achieve the disinvestment targets during the current fiscal year.

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:

×