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Snapshot of Union Government account: April- May 2020

Snapshot of Union Government account: April- May 2020

Snapshot of Union Government account: April- May 2020

BusinessToday.In
BusinessToday.In
  • Updated Jul 2, 2020, 9:45 PM IST
Snapshot of Union Government account: April- May 2020
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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 Sharma

Design: Mohsin Shaikh


Snapshot of Union Government account: April- May 2020
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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.

Snapshot of Union Government account: April- May 2020
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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).

Snapshot of Union Government account: April- May 2020
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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.

Snapshot of Union Government account: April- May 2020
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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.

Snapshot of Union Government account: April- May 2020
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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.

Snapshot of Union Government account: April- May 2020
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.

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