You are here: Home » Budget » News » Economy
Business Standard

Fiscal deficit reaches 96% of FY18 target at October-end

During the same period of 2016-17, the deficit stood at 79.3 per cent of the target

Press Trust of India  |  New Delhi 

An India Rupee note. Photo: Reuters

India's at the end of October hit 96.1 per cent of the estimate for 2017- 18, mainly due to lower realisation and rise in expenditure.

In absolute terms, the -- the difference between expenditure and -- 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.

For 2017-18, the aims to bring down the to 3.2 per cent of Last fiscal, it had the 3.5 per cent target.

The CGA data showed that the government's 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 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.

As per the data, the government's total expenditure was Rs 12.92 lakh crore at October-end, or 60.2 per cent of the estimate. It was 58.2 per cent of the budget estimate a year ago.

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.

First Published: Thu, November 30 2017. 15:35 IST
RECOMMENDED FOR YOU