India’s fiscal deficit for April-July 2014 touched R32.5 lakh crore, marginally lower than the deficit reported in the same time a year ago and 61% of the full-year target.For the same period a year ago, the fiscal deficit was R34.06 lakh crore, or 62.8% of the full-year estimate.The data released by the Controller General of Accounts on Friday shows that total expenditure of the government during April-July was over R5.03 lakh crore or 28.1% of the full year estimate. Of the total expenditure, plan spending was over R1.32 lakh crore and non-plan spending was R3.71 lakh crore. Revenue collection was over R1.75 lakh crore or 14.8% of the budget estimate (BE). Total receipts, from tax and non-tax revenue, as well as non-debt capital receipts of the Centre in the first four months of FY15 was R1.79 lakh crore.

Source - http://www.financialexpress.com