India's fiscal deficit in the first 11 months to February reached 113.4 percent of the government's revised target for financial year 2016-17.
In value terms, the April-February fiscal deficit stood at Rs 6.05 lakh crore compared to the revised estimate of Rs 5.34 lakh crore for the full financial year, according to data released by the Comptroller and Auditor General of India on Friday. India's fiscal deficit target has been set at 3.5 percent of the gross domestic product in FY17. India had breached the full-year target in January.
Revenue deficit for the April-February period reached 142.8 percent of the revised estimate at Rs 4.4 lakh crore.
Non-tax receipts generated by the end of February stood at Rs 2.08 lakh crore, around 62.4 percent of what the government aimed to achieve in financial year 2016-17.
The government earned Rs 10.8 lakh crore revenue through taxes, amounting to 81.3 percent of the target.
Total receipts (from revenue and non-debt capital) of the government stood at Rs 11.4 lakh crore or 77.5 percent of the revised estimates for the current financial year.
The government's spending stood at Rs 17.5 lakh crore, touching 87 percent of its expenditure target. The planned expenditure component was Rs 4.8 lakh crore while Rs 12.7 lakh crore was spent on non-planned expenditure.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
