Budget Estimates for 2014-15: Project Fiscal Deficit of 4.1% and Revenue Deficit of 2.9% of GDP

Finance Minister Shri Arun Jaitley said that the Modi Government has mandate to fulfill for the people provision for the essential items without compromising fiscal consolidation. Making his maiden Budget Speech in Lok Sabha today, the Finance Minister Shri Jaitley announced the Budget estimates with Non-plan Expenditure for the financial year estimated at Rs. 12,19,892 crore with additional provision for fertilizer subsidy and capital expenditure for Armed forces. Rs.5,75,000 crore have been allocated towards Plan expenditure, marking an increase of 26.9 per cent over actuals of 2013-14 (Rs. 4,53,085 crore). Plan increase is targeted towards agriculture, capacity creation in health and education, rural roads and National Highways Infrastructure, railways network expansion, clean energy initiatives, development of water resources and river conservation plans, the Finance Minister added. Total expenditure estimates thus stands at Rs.17,94,892 crore. To finance this expenditure, Gross Tax receipts of Rs. 13,64,524 crore have been estimated. In his maiden Budget Speech Shri Jaitley said that the net share of centre will be Rs. 9,77,258 crore. Non Tax Revenue for the current financial year will be Rs. 2,12,505 crore and capital receipts other than borrowings will be Rs. 73,952 crore. Thus, Fiscal deficit will be 4.1 per cent of Gross Domestic Product (GDP) and Revenue deficit will be 2.9 per cent of GDP, Shri Jaitley added.

General Budget speech 2014-15 English in PDF 

General Budget speech 2014-15 Hindi in PDF