Snapshot of Union Government account: April- May 2020
Snapshot of Union Government account: April- May 2020
BusinessToday.In
- Jul 2, 2020,
- Updated Jul 2, 2020 9:45 PM IST
- 1/7
For the first two months of the fiscal year FY21, the central government's fiscal deficit stood at Rs 4.7 lakh crore, which is around 59% of the budget estimate of FY21. This proportion is higher than 52% recorded in the corresponding period a year ago. The revenue deficit of the central government at Rs 4.1 lakh crore accounts for 67.6% of the budget estimate of FY21, nearly at the same levels as last year.
Story: Mudit Kapoor, Shivani SharmaDesign: Mohsin Shaikh
- 2/7
Revenue receipts of the government at Rs 44,667 crore during April-May 2020 is 2.2% of the budget estimate for FY21, and is notably lower than the 7.7% proportion recorded during the corresponding period a year ago. Revenue receipts have contracted by almost 70% during April-May 2020 from a year ago.
- 3/7
Revenue expenditure, in absolute terms have been 1.8% lower than a year ago and accounts for 17.4% of the budget estimate for FY21 as against 19% of the budget estimate in FY20 (April-May 2019).
- 4/7
Non-debt capital receipts account for only 0.4% of the budget estimate of FY21. The collections under this head have been primarily in the nature of recovery of loans and advances.
- 5/7
The government has increased expenditure towards asset creation with the capital expenditure witnessing a growth of 15.7% during April-May'20. Capital expenditure accounts for 13.1% of the budget estimate compared with 14.1% a year ago.
- 6/7
The revenue deficit of the central government at Rs 4.1 lakh crore accounts for 67.6% of the budget estimate of FY21, nearly at the same levels as last year.
- 7/7
The central government's fiscal deficit stood at Rs 4.7 lakh crore, which is around 59% of the budget estimate of FY21. This proportion is higher than 52% recorded in the corresponding period a year ago. Lower tax and non-tax revenues coupled with higher capital expenditure have been the chief reasons for the fiscal deficit widening by around 27% for the April-May 2020 period vis--vis a year ago.