Indian Union Budget Estimates for FY 2011(2011-2012)

ESTIMATES OF BUDGET 2011-12

1. Gross Tax receipts are estimated at ` 9,32,440 crore.
2. Non-tax revenue receipts estimated at ` 1,25,435 crore.
3. Total expenditure proposed at ` 12,57,729 crore.
4. Increase of 18.3 per cent in total Plan allocation.
5. Increase of 10.9 per cent in the Non-plan expenditure.
6. XI Plan expenditure more than 100 per cent in nominal terms than envisaged for the Plan period.
7. Increase of 23 per cent in Plan and Non-plan transfer to States and UTs.
8. Fiscal Deficit brought down from 5.5 per cent in BE 2010-11 to 5.1 per cent of GDP in RE 2010-11.
9. Fiscal Deficit kept at 4.6 per cent of GDP for 2011-12.
10. Fiscal Deficit to be progressively reduced to 3.5 per cent by 2013-14.
11. “Effective Revenue Deficit” estimated at 2.3 per cent of GDP in the Revised Estimates for 2010-11 and 1.8 per cent for 2011-12.
12. All subsidy related liabilities brought into fiscal accounting.
13. Net market borrowing of the Government through dated securities in 2011-12 would be ` 3.43 lakh crore.
14. Central Government debt estimated at 44.2 per cent of GDP for 2011-12 as against 52.5 per cent recommened by the 13th Finance Commission.

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