Revised estimate


Also found in: Acronyms.

Revised estimate

The third estimate of GDP released about three months after the measurement period.

Revised Estimate

1. In calculating quarterly GDP, a third estimate published approximately three months after the end of a quarter. It includes information not available at the time of the advance estimate or preliminary estimate, as well as any necessary data revisions. However, it is still subject to scrutiny and potential alteration. See also: Final estimate.

2. A change in the calculation of the cost of a project. This calculation is made and presented to a buyer, usually while a project is in progress, and may be subject to further changes due to both exogenous factors and endogenous factors. See also: Preliminary estimate.
References in periodicals archive ?
Multi-sectoral development has received a major allocation of Rs24.29bn - more than double of the current revised estimates which stand at Rs10.6bn.
Consumption tax revenues are estimated to total 10,271.9 billion yen, down 1.8 percent from the previous year, falling 300.1 billion yen short of the revised estimate, the ministry said, attributing the drop to an increase in tax refunds for exporters.
Separately, the government has allocated Rs2.095 billion non-development funds for the Supreme Court against the outgoing fiscal year's revised estimate of Rs 1.964 billion.
Cumulative collections of nearly $161.5 million were $10.9 million above the revised estimate and 75% ahead of prior year receipts.
As compared to revised estimates of Rs 4992 billion in 2017-18, this is higher by 13.4 percent.
The fiscal deficit, the gap between government's expenditure and revenue, in actual terms was at ` 5.08 lakh crore as against ` 5.24 lakh crore projected in the revised estimates. The UPA government had cut the total Plan expenditure to ` 4,75,532 crore for 2013- 14 compared to the Budget estimates of ` 5,55,322 crore in what was seen as a sleigh of hand to show a lower a fiscal deficit purely for accounting purposes.
He said that the bank currently has loan growth of 17.6 percent year-on-year, above the central bank's revised estimate of 16 percent for the current fiscal year ending March 31, 2009.
The revised estimate may strengthen the case for a high-altitude crash, Carlson says.
The primary sources of the variance are: personal income tax revenues which are down $43.2 million, or 4.9 percent, from revised expectations; insurance company gross premiums tax revenues which are $12.0 million, or 21.0 percent below expectations; financial institutions tax revenues which lag the estimate by $5.1 million, or 55.7 percent; public utilities gross earnings tax revenues which are $4.4 million, or 8.8 percent, below the fiscal year-to-date through February revised estimate; and health care provider assessment adjusted revenues which trail the revised estimate by $4.0 million, a variance of 12.0 percent.
This includes FBR tax estimate of Rs.4,435 billion as compared to revised estimate of Rs.3,935 billion.
"The Real GDP at constant (2011-12) prices in the year 2017-18 is likely to attain a level of Rs 130.04 lakh crore, as against the first revised estimate of GDP for the year 2016-17 of Rs 121.96 lakh crore, released on January 31, 2018.

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