Breaking News
Home / Ministries / Finance / Government betters its own Financial Targets During 2014-15

Government betters its own Financial Targets During 2014-15


  • Fiscal Deficit for the Financial Year 2014-15 stands at 4.0 % as against the Target of 4.1 %
  • Revenue Deficit for FY 2014-15 stands at 2.8% as Against Target of 2.9%
  • Gross Tax Collections During 2014-15 Stand at Rs. 12,45,037 Crore and thus Registering a Growth of 9% during the period as Compared to FY 2013-14.

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.

About The Indian Iris

Just like an iris controls the light levels inside the eye making it possible for us to see the outside world, The Indian Iris aims at shedding light on the ongoing political affairs, policies and schemes of the Government of India (GOI) and those of the State Governments.

Leave a Reply

Your email address will not be published. Required fields are marked *