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Fiscal deficit crosses 77% of budgeted target in first 4 months of FY20

Net tax receipts in the first four months of the fiscal year were Rs 3.39 trillion, while total expenditure was Rs 9.47 trillion, government data showed

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Press Trust of India New Delhi
The government's fiscal deficit touched Rs 5.47 trillion in the June quarter, which is 77.8 per cent of the budget estimate for 2019-20.

In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 5,47,605 crore at July-end, as per the data released by the Controller General of Accounts (CGA) on Friday.

The fiscal deficit stood at 86.5 per cent of 2018-19 budget estimate in the year-ago period.

The government estimates the fiscal deficit to be at Rs 7.03 trillion during 2019-20.

It aims to restrict the deficit at 3.4 per cent of the GDP in the