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Fiscal deficit touches Rs 4.32 trillion in Q1, 61.4% of budget estimate

The CGA data showed that revenue receipts of the government during April-June, 2019-20 was 14.4 per cent of the Budget Estimate

Topics
fiscal deficit | budget estimates

Press Trust of India  |  New Delhi 

The government's fiscal deficit touched Rs 4.32 trillion for the June quarter, which is 61.4 per cent of the budget estimate for 2019-20 fiscal. In absolute terms, the fiscal deficit, the gap between expenditure and revenue, was Rs 4.32 trillion at June-end as per data released by the Controller General of Accounts (CGA) on Wednesday.

The fiscal deficit was 68.7 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 fiscal deficit at 3.4 per cent of the GDP in ...

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First Published: Wed, July 31 2019. 17:57 IST
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