Fiscal deficit widens to Rs 9.82 lakh cr in Apr-Dec, 55% of FY24 target: Govt
The surge in December was spurred by a huge increase in capital expenditure, which more than doubled year-on-year to Rs 87,985 crore.
India’s budgetary fiscal deficit for the 11 months ended in February of 2017-18 stood at 120.3 per cent — Rs 7.15 lakh crore — of the full year’s revised target of Rs 5.94 lakh crore, official data showed on Wednesday.
The data furnished by the Comptroller General of Accounts (CGA) showed that the April-February fiscal deficit was 113.4 per cent of the (revised) budget in the same period of the last fiscal.
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As per the CGA data, net tax revenue during the period under review was Rs 10.35 lakh crore or 81.6 per cent of the revised estimated target.
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The total receipts — from revenue and non-debt capital — during the fiscal’s 11 months ended in February were Rs 12.83 lakh crore, or 79.1 per cent of the revised estimates for the current year.
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