Fiscal Deficit

The fiscal deficit was Rs. 1,02,654 crore as per the Union Government Accounts at the end of September, 2008 (Unaudited). The provisions relating to farm loan waiver (Rs. 15000 crore) and issue of securities to Oil Marketing companies towards under recoveries (Rs. 75942) crore) have not been included in the fiscal deficit computed for the period April-September, 2008 as these provisions were made only through the Supplementary Demands for Grants for the year 2008-09 subsequently.

The projected fiscal deficit for RE 2008-09 is at Rs. 3,26,515 crore against BE 2008-09 of Rs. 1,33,287 crore. The fiscal deficit including the liability on account of securities issued during the year to Oil Marketing Companies and Fertilizer Companies is Rs. 4,22,457 crore.

This information was given by the Minister of State in the Ministry of Finance Shri Pawan Kumar Bansal in reply to a question raised by Shri Rajkumar Dhoot in Rajya Sabha today.