Fiscal deficit hits 68% of Budget aim in first half

Fiscal deficit hits 68% of Budget aim in first half

FPJ BureauUpdated: Friday, May 31, 2019, 09:17 PM IST
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New Delhi : Fiscal deficit in the first half of the current fiscal stood at Rs 3.78 lakh crore, or 68.1 %, of the Budget estimate (BE) for the whole year. The fiscal situation in April-September showed improvement over the year ago as the deficit then stood at 82.6 % of the Budget estimate of 2014-15.

 The fiscal deficit — the gap between expenditure and revenue — for the entire current fiscal has been pegged at Rs 5.55 lakh crore.

As per the data released by the Controller General of Accounts, tax revenue came in at Rs 3.69 lakh crore, or 40.2 %, of the full year BE of Rs 9,19,842 crore. Total receipts from revenue and non-debt capital of the government during the first six months read Rs 5.31 lakh crore. The government estimates Rs 12.21 lakh crore receipts at end-March 2016.

The government’s Plan expenditure during the period was Rs 2,53,816 core.

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