India's Apr-Nov fiscal deficit 46% of full-year target: CGA data
05 Jan 22 2 min read
In actual terms, the deficit stood at ₹6,95,614 crore at the end of November against the annual estimate of ₹15.06 lakh crore, according to data released by the Controller General of Accounts (CGA).
The government expects the deficit at 6.8 per cent of the gross domestic product (GDP) or ₹15,06,812 crore for this fiscal.
According to the data, the total receipts of the government at the end of November stood at ₹13.78 lakh crore or 69.8 per cent of the budget estimates (BE). The collection was just 37 per cent of the BE of 2020-21 in the corresponding period last fiscal, a news agency reported.
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The tax (net) revenue so far stood at 73.5 per cent of the BE of 2021-22. It was only 42.1 per cent of BE 2020-21 in the corresponding period of last fiscal.
The CGA data further said the central government's total expenditure at the end of November stood at ₹20.74 lakh crore or 59.6 per cent of this year's BE.
The fiscal deficit for 2020-21 stood at 9.3 per cent of the GDP, better than 9.5 per cent projected in the revised estimates in the Budget in February.
Fibre2Fashion News Desk (DS)
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