Rajeev Chandrasekhar's official website - Member of Parliament

Government of India
Ministry of Finance
Department of Economic Affairs

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RAJYA SABHA
UNSTARRED QUESTION NO. 56
TO BE ANSWERED ON TUESDAY THE 22ND FEBRUARY, 2011
Raising of funds through telecom spectrum auction
Question

56. Shri: Rajeev Chandrasekhar

Will the Minister of Finance be pleased to state:

a) The details of the amount of funds raised by the Government through auction of telecom spectrum;

b) What percentage of the Budget does this amount represent; and

c) What would have been the amount of fiscal deficit be if such auctions had not taken  place?

Answer
To be answered by Minister of State in the Ministry of Finance
(SHRI NAMO NARAYAN MEENA)

a) A total amount of   1,06,262.26 crore was raised by the Government through auction of telecom spectrum. This comprises an amount of   38,543.31 crore through auction of BWA spectrum and an amount of   67,718.95 crore through auction of 3G spectrum.

b) This amount represents 15.58 per cent of the total Revenue REceiipt in BE 2010- 11 and 9.58 per cent of the total expenditure in BE 2010- 11.

c) As per the provisional Actuals released by the Controller General of Accounts, the fiscal deficit up to December, 2010 is   1,71,249 crore. If such auctions had not taken place, the fiscal deficit would have increased by   1,06,262.26 crore up to December, 2010