No exchequer deficit in six months | india | Hindustan Times
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No exchequer deficit in six months

india Updated: Nov 16, 2006 15:46 IST
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THE GOVERNMENT has not faced exchequer deficit in the first half of the current financial year. According to an official release, this can become possible because of the strict financial discipline and skilled financial management of the State Government.

As per the income and receipt trend during the period, a significant rise was noticed in the plan expenditure. Rs 1,793 crore surplus revenue was recorded in the books during the six months — from April to September 2006. 

Rs 10779.99 crore revenue was received in the current financial year as against Rs 8296.79 crore in the corresponding period in the last financial year thus reflecting an increase of 29.93 per cent over the last year. This is also 45.91 per cent of the budget estimation of the current financial year.

Further, Rs 7592.56 crore and Rs 1289.27 crore as tax revenue and non-tax revenue respectively were registered apart from the Central Government’s grant of Rs 1898.08 crore. Under the capital receipt, a sum of Rs 6.98 crore was received against credit and advances.

A total sum of Rs 10757.37 crore was under the head of expenditure. This comprised Rs 7468.90 crore as non-plan expenditure and Rs 3288.47 crore as plan expenditure.

The capital expenditure was registered at Rs 1636.99 crore whereas Rs 134.01crore were registered as credit and advances.
The plan expenditure last year in the first six months was registered at Rs 2681.25 crore. Thus, an increase of 22.64 per cent has been registered over last year under plan expenditure, which is considered as the significant achievement of the government and its financial discipline.