India’s April-June fiscal deficit at 80.8% of full year target

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New Delhi, July 31 (IANS) India’s fiscal deficit up to last month during the current fiscal touched Rs 4.42 lakh crore or 80.8 per cent of the Budget estimates for 2017-18, official data showed on Monday.

According to figures released by the Controller General of Accounts (CGA), the deficit in the April-June period was 61.1 per cent of the Budget in the same period of last fiscal year.

The 2017-18 deficit — the difference between revenue and expenditure — has been pegged at Rs 5.46 lakh crore, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.

As per the CGA data, tax revenue during the period under review was Rs 1.77 lakh crore, or 14.5 per cent of the estimates, while total receipts, from revenue and non-debt capital, during the fiscal’s first three months, were Rs 2.09 lakh crore, or 13.1 per cent of the estimates for the current year.

Total expenditure during the April-June period was Rs 6.51 lakh crore, or 30.3 per cent of the entire fiscal’s estimate. The revenue deficit during the period under review was over Rs 3.83 lakh crore, or 119.1 per cent, of the estimates.

–IANS

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