The
Provisional Accounts for the year ended 31st March, 2015 have
been complied on the basis of March data and anticipated adjustments received from
the different Ministries. These are the provisional figures and may undergo
certain changes during the final compilation of accounts after Audit.
1. Fiscal Indicators:
As a result of prudent
policies and commitment to fiscal consolidation, the fiscal deficit at the end
of 2014-15, stands at Rs. 5,01,880 crore which is 98% of the projected figure
in RE 2014-15. Fiscal deficit as a percentage of GDP is 4.0% as against the RE
of 4.1%. (4.4% for the previous year 13-14). The Union Government is firmly
committed to path of fiscal consolidation and this is a step forward.
Revenue deficit at the end of
2014-15 is Rs.3,58,306 crore which is 99% of the projected figure in the RE
2014-15 and is 2.8% of the GDP as against the RE of 2.9%. (3.2% for the
previous year FY13-14)
2. Receipts:
Gross
Tax Collections at Rs. 12,45,037 crore has shown a growth of 9% (Rs.1,06,303
crore) as compared to FY 2013-14. The gross tax collections is 9.8% of GDP.
While, Devolution of tax collections to
States at the end of 2014-15 is Rs.3,37,808 crore which is higher by Rs.19,578
crore over the previous year 2013-14 while the Non Tax Revenue stands
at Rs.1,96,959 crore (90% of RE)
Non Debt Capital Receipts which includes disinvestment stands at
Rs.43,439 crore (103% of RE) and has shown an increase of 4% as compared to the
previous year’s collection of Rs.41,865 crore.
3. Expenditure
Plan Expenditure at the end of 2014-15 stands at Rs.4,35,621
crore while Non-Plan Expenditure during the same year has
been Rs.11,91,140 crore (99.8% of RE)
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DSM