October 2017 fiscal deficit stands at 96.1% of actuals to BEs

 

 

The gross fiscal deficit of the Central government stands at 96.1% of the actuals to budget estimates (BEs) at the end of October 2017 as compared to 79.3% of the actuals to budget estimates in the corresponding period of the previous year. The primary deficit was registered at 1140.2% of the actuals to budget estimates at the end of October 2017 as compared to 477% of the actuals to budget estimates during corresponding period of the previous year.

Differentials in use of fiscal deficit space at the end of October 2017 vis-à-vis October 2016 (in%)

Source: PHD Research Bureau, compiled from Government of India accounts, Government of India

Note: The Fiscal deficit data pertains to the end of the respective month * indicates data at the end of respective financial year and are % of actuals to revised estimates

The revenue receipts at the end of October 2017 of the central government stands at 48.1% of the actuals to budget estimates as compared with 50.7% of the actuals to budget estimates at the end of October 2016.

 

           Fiscal position for October FY2018 vis-à-vis October FY2017

Month

% of Actuals to Budget EstimatesFY2018*

% of Actuals to Budget Estimates FY2017*

% of Actuals to Budget Estimates FY2016*

% of Actuals to Budget Estimates FY2015*

April

37.6

25.7

23

21.4

May

68.3

42.9

37.5

45.3

June

80.8

61.1

51.6

56.1

July

92.4

73.7

69.3

61.2

August

96.1

76.4

66.5

74.9

September

91.3

83.9

68.1

82.6

October

96.1

79.3

74

89.6

November

85.8

87

98.9

December

93.9

87.9

100.2

January

105.7

95.8

107.0

February

113.4

107.1

117.5

March

100.1

99.5

99.6

Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India

Note: * Data pertains to the end of the respective month. *indicates data at the end of respective financial year and are % of actuals to revised estimates

The government’s market borrowing stands at 121% of the actuals to budget estimates at the end of October 2017 as compared with 71% of the actuals to budget estimates at the end of October 2016. The domestic financing stands at 98% of the actuals to budget estimates at the end of October 2017 as compared to 81% of the actuals to budget estimates at the end of October 2016. The external financing of the government stands at 42% of the actuals to budget estimates at the end of October 2017 as against 35% of the actuals to budget estimates at the end of October 2016. The total financing of the central government stands at 96% of the actuals to budget estimates at the end of October 2017 as against 79% of the actuals to budget estimates at the end of October 2016.

 

  Sources of financing the deficit                                                                                  (%)

 Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India

  Note: Data pertains to the end of October 2017 and October 2016

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s