The fiscal situation in April-August showed some improvement over the corresponding period of the previous year(2014-15) as the deficit then stood at 74.9 % of the Budget estimates.
As per the data released by the Controller General of Accounts, tax revenue was Rs 2.09 lakh crore, or 22.8 %, of the estimate.
Total receipts (from revenue and non-debt capital) of the government during the first five months came in at Rs 3.6 lakh crore, or 29.7 %, of the estimates for the current year.
The total expenditure of the government in April-August was nearly Rs 7.32 lakh crore, or 41.2%of the entire year estimate.
Of the total expenditure, plan spending was over Rs 1.86 lakh crore and non-plan over Rs 5.45 lakh crore
The fiscal deficit -- the gap between expenditure and revenue -- for the entire current fiscal has been pegged at Rs 5.55 lakh crore
For 2015-16, the Govt aims to restrict fiscal deficit to Rs 5.55 lakh crore, or 3.9 % of GDP
The fiscal deficit was Rs 5.01 lakh crore, or 4 % of GDP, in 2014-15, down from 4.1 % pegged in the revised estimate.