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. [caption id=“attachment_4280325” align=“alignleft” width=“380”] Budget Growth[/caption] 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.