Provisional Accounts for 2011-12 Released



Provisional Accounts for 2011-12 were released today. As per the Provisional accounts:

·       Fiscal deficit for 2011-12 is 5.76% of GDP vis-a-vis RE 11-12 of 5.9%;

·       Revenue deficit for 2011-12 is 4.34% of GDP vis-a-vis RE 11-12 of 4.4%;

·       Effective Revenue deficit for 2011-12 is 2.85 % of GDP vis-a-vis RE 11-12 of 2.9%;




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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