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Effective Revenue Deficit #EffectiveRevenueDeficit

  It is a new term introduced in the Union budget 2011-12.

  It is defined as the Revenue Deficit ‘excluding’ those revenue expenditures of the GoI which were done in the form of GoCA (grants for creation of capital assets).

  Earlier such grants to states by GoI was included in revenue expenditure.

  But actually such revenue expenditures contribute to the growth in the economy and therefore, should not be treated as unproductive in nature like other items in the revenue expenditures.

  GoCA includes – the GoI grants forwarded to the states & UTs for the implementation of the centrally sponsored programs such as Pradhan Mantri Gram Sadak Yojana, Accelerated Irrigation Benefit Programme, Jawaharlal Nehru National Urban Renewal Mission, etc…

 

 

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