Government Achieves Fiscal Targets for FY 2015-16

Press Information Bureau

Government of India

Ministry of Finance

01-April-2016 18:52 IST

• As per initial estimates, the fiscal deficit for 2015-16 is expected to be within 3.9 percent.

• Receipts of Tax Revenues are also on track and the 2015-16 RE targets are expected to be fully met when the bank scrolls are fully accounted for.

• The disinvestment target of ₹ 25,000 crore vide 2015-16 RE has also been achieved.

• Plan Expenditure for 2015-16 is expected to be around ₹ 4,70,000 crore. This is higher than the Plan BE of 2015-16 and also higher the actual plan expenditure in 2014-15.

• Government remains committed to the path of fiscal consolidation.

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MAM