The country's fiscal deficit touched 114.8 per cent of the full-year target of Rs 6.24 trillion at the end of November on account of lower revenue collections, showed government data Thursday. The fiscal deficit, or gap between expenditure and revenue, stood at Rs 7.16 trillion during April-November of the current financial year, reflecting deterioration in public finances.
At the end of November 2017, the deficit was 112 per cent of the Budget Estimate (BE). The government has budgeted to cut the fiscal deficit to 3.3 per cent of GDP in 2018-19, from 3.53 per cent in ...
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