Government's fiscal deficit breaches full year's cap, stands at 112% of estimated target

New Delhi: India's budgetary fiscal deficit for the first eight months of 2017-18 stood at 112 percent - Rs 6.12 lakh crore - of the full year's target of Rs 5.46 lakh crore, official data showed on Friday.

The data furnished by the Comptroller General of Accounts (CGA) showed that April-November fiscal deficit was 85.8 percent of the budget in the like period of the last fiscal.

Budget Growth

Budget Growth

According to the CGA data, net of tax revenue during the period under review was Rs 6.99 lakh crore, or 57 percent of the estimated target.

The total receipts - from revenue and non-debt capital - during the fiscal's first eight months were Rs 8.66 lakh crore, or 54.2 percent of the estimates for the current year.

The data revealed that total expenditure - incurred on revenue and capital - during the April-November period was Rs 14.78 lakh crore, or at 68.9 percent of the entire fiscal's estimate.

The 2017-18 deficit - the difference between revenue and expenditure - has been pegged at Rs 5.46 lakh crore for 2017-18, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.

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Updated Date: Dec 30, 2017 11:05:05 IST

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