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Q1 fiscal deficit up Rs.83,843 crore
New Delhi: The fiscal deficit, the net difference between expenditure and income, during the first half of the current fiscal 2005-06 shot up to Rs83,843 crore from Rs53,253 crore during the same period, last fiscal.

Similarly, the revenue deficit during April-September this year went up to Rs65,097 crore as against Rs59,235 crore during the corresponding period of the previous fiscal year, data compiled by the Controller General of Accounts (CGA) show. In percentage terms the fiscal deficit during the first six months of the current fiscal works out to 2.38 per cent of the Gross Domestic Product (GDP) while revenue deficit amounted to 1.8 per cent of the GDP.

The 2005-06 Budget has set a fiscal deficit target of 4.3 per cent of the gross domestic product and revenue deficit of 2.7 per cent.

In real terms, according to the data provided, the fiscal deficit during April-September, this year, works out to 55.5 per cent of the budgeted Rs1,51,144 crores during 2005-06.

As per the CGA data, the Centre's total receipts stood at Rs1,27,140 crore during the first half of the current fiscal reflecting 35 per cent of the budgeted Rs3,83,200 crore for the entire 2005-06 financial year. Revenue receipts at Rs1,22,843 crore during April-September this year accounted for 35 per cent of the budgeted Rs3,51,200 crore.

The central government's expenditure during the first half of the current fiscal stood at Rs2,10,983 crore reflecting 41 per cent of the estimated Rs5,14,344 crore for the entire financial year 2005-06.

Further, nearly 71.84 per cent of the total expenditure was accounted for, by non-plan outlay at Rs1,51,577 crore during the first half of the current fiscal, the Comptroller General of Accounts data has pointed out.

The share of the non-plan expenditure in total outlay stood at 72.76 per cent during the corresponding period of the previous fiscal year, according to the Comproller General of Accounts data.
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