Provisional Accounts of the Union Government for the Year 2012-2013 Released; Fiscal Deficit is 4.9 Percent, Revenue Deficit 3.6 Percent and Effective Revenue Deficit 2.5 Percent of GDP during the Period

3-6-2013

Contents

Office of the Controller General of Accounts (CGA) has compiled the accounts of the Union Government for the year 2012-2013 and brought out its results on provisional basis.

The fiscal indicators for the year 2012-13 as percentage of GDP are as follows:

Deficits	RE 2012-13	Provisional Actuals 2012-13	BE 2013-14
Fiscal Deficit	5.2	4.9	4.8
Revenue Deficit	3.9	3.6	3.3
Effective Revenue Deficit	2.7	2.5	1.8

The broad parameters of the actuals (on provisional basis) for the year 2012-2013 are as follows:

(Rs. in crore)

Sl. No.	Details	RE 2012-13	Provisional Actuals 2012-13	Variation over RE 2012-13
1.	Revenue Receipts	8,71,828	8,78,804	(+)6976
	Tax Revenue (Net)	7,42,115	7,41,062	(-)1053
	Non Tax Revenue	1,29,713	1,37,742	(+)8029
2.	Capital Receipts	5,58,998	5,30,618	(-)28380
	Recovery of Loans	14,073	14,838	(+)765
	Other receipts	24,000	25,890	(+)1890
	Borrowings & Other liabilities	5,20,925	4,89,890	(-)31035
3.	Total Receipts (1 + 2)	14,30,825	14,09,422	(-)21403
4.	Non Plan Expenditure	10,01,638	9,95,139	(-)6499
5.	Plan Expenditure	4,29,187	4,14,283	(-)14904
6.	Total Expenditure (4 + 5)	14,30,825	14,09,422	(-)21403
	Revenue Expenditure	12,63,072	12,42,263	(-)20809
	Capital Expenditure	1,67,753	1,67,159	(-) 594
7.	Revenue Deficit	3,91,245	3,63,459	(-)27786
	(As % of GDP)	(3.9)	(3.6)
8.	Effective Revenue Deficit	2,66,970	2,47,755	(-)19215
	(As % of GDP)	(2.7)	(2.5)
9.	Fiscal Deficit	5,20,925	4,89,890	(-)31035
	(As % of GDP)	(5.2)	(4.9)
10.	Primary Deficit	2,04,251	1,77,894	(-)26357
	(As % of GDP)	(1.9)	(1.8)

Revenue Receipts:

Gross tax collection at Rs.10,36,719 crore is less than R.E. by Rs. 1,318 core and has shown a 7% (Rs. 1,47,821 crore) growth compared to FY 2011-12. The gross tax collection is at 10.3% of GDP compared to 9.9% last year.

Devolution of tax collections to States at the end of 2012-13 is Rs.2,91,547 crore. This is higher by Rs.36,133 crore compared to Rs.2,55,414 crore for last year.

Non Tax Revenue at Rs.1,37,742 crore (106% of RE) has shown increase of 13% as compared to previous year’ collection of Rs. 1,21,672 crore. As compared to RE, Non Tax Revenue is higher by Rs. 8,029 crore.

Non Debt Capital Receipts at Rs. 40,728 crore (107% of RE) have increased by Rs.3,790 crore compared to 2011-12 (Rs.36,938 crore). As compared to RE, Non-Debt Capital Receipts is higher by Rs.2,655 crore.

Revenue Deficit: With the total revenue expenditure at Rs.12,42,263 crore as against Rs. 12,63,072 crore in the RE, the actual revenue deficit is reported at Rs.3,63,459 crore as compared to Rs.3,91,245 crore in the RE. This works out to 3.6% of GDP. The reduction in revenue deficit is attributable to higher revenue receipts than anticipated.

Effective Revenue Deficit: Actual Effective Revenue Deficit is reported as Rs.2,47,755 crore, lower by Rs.19,215 crore over Rs. 2,66,970 crore assumed in RE. Effective Revenue Deficit as % of GDP works out to 2.5% of GDP.

Fiscal Deficit/Borrowings and other liabilities: With the increase in actual receipts and lower expenditure as compared to RE, the fiscal deficit in accounts is reported as Rs. 4,89,890 crore, which is lower by Rs. 31,035 crore over RE. As % of GDP, the same works out to 4.9% as against 5.2% assumed in RE.

Primary Deficit: Primary Deficit has been reported in provisional accounts as Rs. 1,77,894 crore as against Rs. 2,04,251 crore. As % GDP, primary deficit is 1.8% as against 1.9% assumed in RE. This is because of lower fiscal deficit and lower interest payments.

Plan expenditure at the end of 2012-13 is Rs. 4,14,283 crore which is higher by Rs.1,908 crore compared to previous year but is at 97 % of RE. Plan expenditure is at 4.1% of GDP. Plan expenditure has been lower as compared to RE mainly in respect of

Ministry of Communications and IT
Ministry of Health and Family Welfare
Ministry of Home Affairs
Ministry of Power
Ministry of Rural Development
Ministry of Textiles

Non Plan Expenditure: Total non Plan expenditure has been reported as Rs.9,95,139 crore as against Rs. 10,01,638 crore in RE, lower by Rs.6,499 crore as compared to RE.

Capital Expenditure has been Rs.1,67,159 crore (100% of RE). This is higher by Rs. 8,579 crore compared to previous year. Capital expenditure is at 1.7% of GDP.

DSM

(Release ID :96364)

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