ALSO READFiscal deficit crosses 96% of Budget estimates at the end of October Fiscal deficit rises to 91.3% of FY18 target in 6 months April-June fiscal deficit hits 81% of full-year target April-June fiscal deficit hits 82% of FY target Govt likely to achieve 3.2% fiscal deficit target, says SBI Research report
In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 5.25 lakh crore during April-October of 2017-18, according to data of the Controller General of Accounts (CGA).
During the same period of 2016-17, the deficit stood at 79.3 per cent of the target.
The CGA data showed that the government's revenue receipts were at Rs 7.29 lakh crore in the seven months of the current fiscal, which work out to 48.1 per cent of the budget estimate (BE) of Rs 15.15 lakh crore for the entire year.
The receipts, comprising taxes and other items, were at 50.7 per cent of the target in the year-ago period.
Capital expenditure during April-October of 2017-18 was only 52.6 per cent of the BE compared to 50.7 per cent in the same period of the previous fiscal.
Revenue expenditure, including interest payment, was 61.5 per cent of the BE during April-October 2017-18. This compares with 59.2 per cent a year earlier.