The present fiscal situation is an improvement over the previous year when the fiscal deficit was then 98.9% of Budget Estimates 2014-15. In absolute terms, there is a decrease of Rs. 41, 611 crore over November 2014 figure.
Similarly, the Effective Revenue Deficit (revenue deficit net of grants for creation of capital assets) which is Rs.2,64,404 crores in November 2015 has shown a significant decrease of 20 % (Rs. 65,087 crores) over November 2014.
As regards expenditure, against the Budget Estimates of Rs. 1,35,257 crores for Plan Expenditure for creation of Capital assets, the Government of India has already incurred Rs. 97,788 crores (72% of BE) as compared to Rs. 62,146 crores (51% of BE) in the corresponding period of last year. Total expenditure also increased from 60% of BE in November, 2014 to 64% in November, 2015.