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Output of 8 core industries contracts 5% in Sep, may hurt Q2 GDP growth
Business Standard

Low tax revenue, high spend push H1 fiscal deficit to 93% of FY20 target

Though the figure seemed alarming, it was bit lower than 95.3 per cent in the corresponding period of 2018-19

Topics
fiscal deficit | budget estimates | Fiscal deficit target

Indivjal Dhasmana  |  New Delhi 

fiscal deficit, fiscal, budget target, fiscal target, fiscal
Tax receipts totaled Rs 6.07 trillion in April-September in FY20, which was 36.8 per cent of BE

The Centre’s fiscal deficit touched 92.6 per cent of the Budget Estimate (BE) in the first half of 2019-20, as tax revenues did not keep pace with the target and expenditure could not be compressed much.

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Read our full coverage on fiscal deficit

First Published: Thu, October 31 2019. 22:09 IST

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