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ICICI Securities Report
India's fiscal deficit at the end of Julu 2021 stood at Rs 3.2 trillion or 21.3% of budget estimate FY22.
Off late, monthly fiscal deficit numbers have been pointing to good health of central government finances.
In FY21, by July the fiscal deficit had reached 103% of budget estimate and 44% of revised estimate for the year.
In FY20 and FY19 as well, by July the fiscal deficit had reached 59% and 83% of actual deficit numbers respectively.
On an average, during FY14 and FY20 the fiscal deficit reached 69% of the full-year number by July.
Compared to this, the fiscal deficit has just about exceeded one-fifth of the full-year target in the first four months of the year in FY22, indicating good fiscal health.
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