In the first 10 months of 2004-05, the fiscal deficit stood at 3.7 per cent of the advance estimates of the gross domestic product and the revenue deficit at 2.8 per cent.
In the Budget, Finance Minister P Chidambaram raised the fiscal deficit estimate to 4.5 per cent of the GDP for 2004-05.
The monthly figures released by the Controller General of Accounts show that the fiscal deficit, at Rs 103,801 crore (Rs 1038.01 billion), is 75.5 per cent of the Budget estimate of Rs 137,407 crore (Rs 1374.07 billion).
In the corresponding period last year, the fiscal deficit, at Rs 102,042 crore (Rs 1020.42 billion), was 66.4 per cent of the budgeted amount.
The revenue deficit at Rs 79,622 crore (Rs 796.22 billion) was above the budgeted amount of Rs 76,171 crore (Rs 761.71 billion) for 2004-05. It was 104.5 per cent of the budgeted amount against 77 per cent in January 2004.
However, the revenue deficit this fiscal year was lower than Rs 86,483 crore (Rs 864.83 billion) during April-January 2003-04.
While the Centre's total spending till January stood at Rs 368,340 crore (Rs 3883.40 billion), its receipts were at Rs 264,539 crore (Rs 2645.39 billion).
Of the total receipts, tax and non-tax revenues totaled Rs 210,267 crore (Rs 2102. 67 billion) till January, 68 per cent of the budgeted amount of Rs 309,322 crore (Rs 3093.22 billion) for 2004-05.
Tax collections were higher by 18 per cent at Rs 1,54,663 crore (Rs 1546.63 billion) till January 2004-05.
However, the tax mop up in the first 10 months was only 66.1 per cent of the Budget estimate of Rs 233,906 crore (Rs 2339.06 billion).
The plan expenditure was at Rs 89,147 crore (Rs 891.47 billion) till January, 61 per cent of the budgeted expenditure of Rs 145,590 crore (Rs 1455.90 billion) in 2004-05.
Non-plan spending stood at Rs 2,79,193 crore (Rs 2791.93 billion) till January as against Rs 3,32,239 crore (Rs 3322.39 billion) budgeted for 2004-05.
The interest outgo alone amounted to Rs 99,588 crore (Rs 995.88 billion) till January, which is 77 per cent of the budgeted Rs 1,29,500 crore (Rs 1295 billion).
The centre's market borrowing, was however, almost 50 per cent lower at Rs 45,811 crore (Rs 458.11 billion) till January 2005 compared to Rs 90,365 crore (Rs 903.65 billion) in the year-ago period.