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Fiscal deficit touches 128.5% of budget estimate at January-end

The deficit during the same period during 2018-19 was 121.5 per cent of that year's Revised Budget Estimate (RE)

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2 min read Last Updated : Feb 28 2020 | 6:13 PM IST

India's fiscal deficit touched 128.5 per cent of the whole year budget target at January-end, said the Controller General of Accounts (CGA) on Friday.

The deficit during the same period during 2018-19 was 121.5 per cent of that year's Revised Budget Estimate (RE).

In actual terms, the fiscal deficit or gap between the expenditure and revenue stood at Rs 9,85,472 crore. The government had targeted to restrict the fiscal deficit at Rs 7,66,846 crore during the year ending March 31, 2020.

While presenting the Union Budget to Parliament earlier this month, Finance Minister Nirmalal Sitharaman had raised fiscal deficit target to 3.8 per

Topics : Fiscal Deficit

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