Govt committed to achieve 2011-12 fiscal targets: Pranab

New Delhi, June 2 (PTI) Buoyed by better-than-expected
performance on government finances' front in 2010-11, the
Union government on Thursday said it will keep a tab on public
expenditure to ensure that Budget targets for this fiscal too
are achieved.
"Efforts to get the economy on the path of fiscal
prudence are on track... The government is committed to
achieve the fiscal targets," an official statement quoting
Indian Finance Minister Pranab Mukherjee at a meeting of
Consultative Committee held on Wednesday said.
He further said that to ensure that scarce resources of
the country are productively deployed, "it is extremely
important to measure outcomes."
In the Budget for 2011-12, the government had set fiscal
deficit target at 4.6 per cent of the GDP and the revenue
deficit target at around 3 per cent.
Now the government has also started providing, along with
the Budget and revised estimate of current year and Budget
estimates of the ensuing year, the details of actual
expenditure incurred on each scheme "for a better analysis of
the budgetary provisions and the trend in expenditure".
Mukherjee said the government has been able to contain
the fiscal deficit and revenue deficit well within the revised
estimates in 2010-11.
It has been "possible due to higher tax collections as
compared to revised estimates, higher receipts from non-tax
sources and non-debt capital sources and savings under plan
expenditure of Government".