Total receipts of the government amounted to 6.8 per cent of the BE or Rs 1,53,581 crore | Illustration: Binay Sinha
The country's fiscal deficit during the first quarter of this fiscal widened to Rs 6.62 trillion or 83.2 per cent of the budget estimates, mainly on account of poor tax collections due to the coronavirus lockdown.
Fiscal deficit during the corresponding period of last year was 61.4 per cent of the budget estimates.
The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 trillion or 3.5 per cent of the GDP in the Budget which was presented by Finance Minister Nirmala Sitharaman in February.
First Published: Jul 31 2020 | 6:10 PM IST