The Centre's fiscal deficit mounted to Rs 110,470 crore (Rs 1.104 trillion) till February despite higher growth in tax collections.

The fiscal deficit during the 11 months amounted to 83.6 per cent of the revised estimate of Rs 132,103 crore (Rs 1.321 trillion).

The deficit till February works out to 4.0 per cent of GDP. The government targets to rein in deficit to 4.8 per cent of the GDP during 2003-04.

According to figures released by the Controller General of Accounts, the Centre's total expenditure stood at Rs 383,796 crore (Rs 3.837 trillion) while total receipts were at Rs 273,326 crore (Rs 2.733 trillion).

Revenue deficit of the Centre was at Rs 93,368 crore (Rs 933.68 billion) till February, which is 90.9 per cent of the targeted Rs 99,860 crore (Rs 998.60 billion) for the entire fiscal.

Of the total receipts, the Centre's revenue collection amounted to Rs 208,435 crore (Rs 2.084 trillion) which was 79.2 per cent of the revised estimate of Rs 263,027 crore (Rs 2.630 trillion) for the entire fiscal.

Tax mop up was at Rs 1,43,516 crore (Rs 1.435 trillion) in the 11 months constituting 76.5 per cent of the targeted Rs 187,539 crore (Rs 1.875 trillion) for 2003-04.

On the spending side, plan expenditure amounted to Rs 95,700 crore (Rs 957 billion) while non-plan expenditure was at Rs 288,096 crore (Rs 2.880 trillion) till February.

Interest outgo, which constitute bulk of the non-plan spendings of the Centre, amounted to Rs 102,055 crore (Rs 1.025 trillion) till February, which is 81.9 per cent of the targeted Rs 124,555 crore (Rs 1.245 trillion) for the entire fiscal.

The Centre's market borrowing shot up to Rs 99,507 crore (Rs 995.07 billion) till February, which was 120 per cent of the estimated Rs 82,982 crore (Rs 829.82 billion) for the entire fiscal.