The revenue deficit too would be lower at 3.2 percent of GDP for 2013-14, as per the revised estimates to be tabled in Parliament at the time of presentation of final Budget for 2014-15 in July.
The fiscal deficit for 2013-14 fiscal may finally turn out to be 4.5 percent of GDP, a shade lower than what was estimated by Finance Minister P Chidambaram.
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The revenue deficit too would be lower at 3.2 percent of GDP for 2013-14, as per the revised estimates to be tabled in Parliament at the time of presentation of final Budget for 2014-15 in July.
The fiscal deficit figure have come in lower from 4.6 percent or in actual terms Rs 5.24 lakh crore. The revenue deficit as was given in revised estimates in the interim Budget was 3.3 percent or Rs 3.70 lakh crore.
According to official sources, the final data shows that the development expenditure of the government has been higher by Rs 16,000 crore in 2013-14.
The fiscal deficit, which is the gap between expenditure and revenue, was 4.9 percent of GDP in 2012-13. Chidambaram had earlier drawn up a red line for fiscal deficit and planned to contain it at 4.8 percent of the GDP in 2013-14.
As per current indications, the fiscal deficit has come down mainly on account of expenditure compression and higher realisation from the 2G spectrum auction.
As per the fiscal consolidation roadmap, the deficit is to be reduced further to 4.2 percent in 2014-15 and 3.6 percent in 2015-16.
The interim Budget for 2014 has projected the fiscal deficit for 2014-15 fiscal at 4.1 percent of GDP or Rs 5.29 lakh crore.
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