India's fiscal deficit at 78.7% of full year estimate for April-August 2019-20

Fiscal deficit declines 6.3% to Rs 553840 crore in April-August 2019-20

The fiscal deficit of central government declined 6.3% to Rs 553840 crore in April-August 2019-20 over April-August 2018-19. The fiscal deficit as a percentage of full year estimate stood at 78.7% in April-August 2019-20 compared with 94.7% touched in the corresponding period of last year.

The Government of India has received Rs 621461 crore (29.84% of corresponding BE 19-20 of Total Receipts) upto August 2019 comprising Rs 404580 crore Tax Revenue (Net to Centre), Rs 198621 crore of Non Tax Revenue and Rs 18260 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs 5902 crore) and Disinvestment Proceeds (Rs 12358 crore).

An amount of Rs.255605 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs 11697 crore lower than the previous year.

Total Expenditure incurred by Government of India is Rs 1175301 crore (42.2% of corresponding BE 19-20), out of which Rs 1039125 crore is on Revenue Account and Rs 136176 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs 219026 crore is on account of Interest Payments and Rs 189527 crore is on account of Major Subsidies.

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