Fiscal deficit hits 115% of Budget estimate at Rs 8.07 trillion till Nov

The country's fiscal deficit hit 114.8 per cent of 2019-20 Budget Estimate at Rs 8.07 trillion at the end of November, official data showed on Tuesday.

The fiscal deficit or the gap between expenditure and revenue was at Rs 8,07,834 crore as on November 30, 2019, according to the data released by the Controller General of Accounts (CGA).

The deficit was at 114.8 per cent of 2018-19 Budget Estimate (BE) in the corresponding month a year ago.

The government has estimated the fiscal deficit for the current financial year at Rs 7.03 trillion, aiming to restrict the deficit at 3.3