India's fiscal deficit at 77.8% of full year estimate for April-July 2019-20

Fiscal deficit has touched 86.5% of full year estimate for April-July 2018-19

The fiscal deficit of central government increased 1.4% to Rs 547605 crore in April-July 2019-20. The fiscal deficit as a percentage of full year estimate stood at 77.8% in April-July 2019-20 compared with 86.5% touched in the corresponding period of last year.

The Government of India has received Rs 399673 crore (19.19% of corresponding BE 19-20 of Total Receipts) upto July 2019, comprising Rs 338705 crore Tax revenue (net to centre), Rs 43905 crore of non tax revenue and Rs 17063 crore of non debt capital receipts. Non debt capital receipts consists of recovery of loans (Rs 4705 crore) and disinvestment proceeds (Rs 12358 crore).

The government has transferred Rs 199912 crore to state governments as devolution of share of taxes July 2019 which is Rs 12502 crore lower than the previous year.

Total expenditure incurred by Government of India is Rs 947278 crore (34.0% of corresponding BE 19-20), out of which Rs 839673 crore is on revenue account and Rs 107605 crore is on capital account. Out of the total revenue expenditure, Rs 183524 crore is on account of interest payments and Rs 169660 crore is on account of major subsidies.

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