Fiscal Targets for 2015-16 on Track

The Centre is well on course to achieve its fiscal targets for 2015-16 going by the various revenue related data points available as on end March 31, 2016.

As per initial estimates, the fiscal deficit for 2015-16 is expected to be within 3.9 per cent of gross domestic product (GDP).

Also, the receipts of tax revenues are on track and the 2015-16 Revised Estimate targets are expected to be fully met when the bank scrolls are fully accounted for.

The disinvestment target of ₹25,000 crore as specified in the revised estimate 2015-16 has also been achieved.

Plan Expenditure for 2015-16 is expected to be around ₹4,70,000 crore.