Fiscal Deficit For April-October Period Stood At 36.3% Of Budget Estimates
Government's fiscal deficit stood at 36.3 per cent of the annual budget target for the current fiscal, during the April-October 2021 period, according to data released by Controller General of Accounts.
This was mainly due to jump in revenue collections, official sources said. In actual terms, the deficit was Rs 5,47,026 crore at the end of October, 2021 against the annual estimate of Rs 15.06 lakh crore, while total expenditure was Rs 18.27 lakh crore, the data revealed further.
Fiscal deficit or the gap between expenditure and revenue was 119.7 per cent of the budget estimate of 2020-21 during the corresponding period last year.
The fiscal deficit for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP), better than 9.5 per cent projected in the revised estimates in the union budget in February.
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