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Government committed to Promoting and Strengthening inclusive and sustainable Development by ensuring proper and effective Utilization of Funds without compromising Fiscal Consolidation

News and Press Release - Dated:- 15-1-2016 - Government is committed to promoting and strengthening inclusive and sustainable development by ensuring proper and effective utilization of funds provided in the Annual Budget without compromising fiscal consolidation. As a result of sound prudent policies formulated during 2015-16, the fiscal deficit at the end of November 2015 is ₹ 4.83 lakh crores or 87% of the Budget Estimate for this fiscal. The fiscal deficit i.e. the gap between expendit .....

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wn a significant decrease of 20 % (Rs. 65,087 crores) over November 2014. As regards expenditure, against the Budget Estimates of ₹ 1,35,257 crores for Plan Expenditure for creation of Capital assets, the Government of India has already incurred ₹ 97,788 crores (72% of BE) as compared to ₹ 62,146 crores (51% of BE) in the corresponding period of last year. Total expenditure also increased from 60% of BE in November, 2014 to 64% in November, 2015. Government is committed to prom .....

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