Measures To Correct The Country's Fiscal Deficit Level

GOVERNMENT OF INDIA

MINISTRY OF  FINANCE

UNSTARRED QUESTION NO-3006

ANSWERED ON-20.12.2011

(a) Whether it is a fact that the country’s fiscal deficit for the first 6 months has crossed 70 per cent of its full year target;
(b) If so, the details thereof; and
(c) the steps/measures initiated by Government for correction in this regard?

ANSWER

MINISTER OF STATE IN THE MINISTRY OF FINANCE

(SHRI NAMO NARAIN MEENA)


(a) and (b) No Sir. For the period upto September,2011, the fiscal deficit is Rs.2,80,810 crore which is 68 per cent of the Budget Estimates for 2011-12.

(c) To contain the Fiscal Deficit, Government has advised all Ministries/Departments to adhere to the expenditure ceilings in the Budget Estimates 2011-12. They have also been advised to meet additional expenditure requirements, if any, during the year through savings from the overall expenditure outlays. Instructions have also been issued to concerned Departments to make concerted efforts to achieve the revenue collection targets for 2011-12.

Twitter Link To This Post
Facebook Link To This Post
Google + Link To This Post

YS Chowdary Facebook
YS Chowdary Twitter
YS Chowdary Blog
YS Chowdary Wikipedia