At Rs 40,072 cr, govt's external financing jumps 5 times till Aug: Report

In absolute terms, fiscal deficit -- which is the gap between expenditure and revenue -- stood at Rs 8,70,347 crore

External financing of the government has jumped nearly five times over the previous year's figure at Rs 40,072 crore during the first five months of the current fiscal, according to an analysis of the fiscal deficit numbers by Care Ratings.

At Rs 40,072 crore, the external financing of government debt is a whopping 867 per cent of the budget estimate for the full year, the agency said.

This is around 5 per cent of the total borrowings as 95 per cent of deficit financing is met through domestic sources, mainly market borrowings, it added.

According to data released by the Controller General of