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Fiscal Deficit Crosses Full Year Target

Business Finance

Capital Market 

The Government of India has received Rs.8,08,010 crore (44.45% of corresponding BE 18-19 of Total Receipts) upto October, 2018 comprising Rs. 6,61,113 crore Tax Revenue (Net to Centre), Rs. 1,27,716 crore of Non-Tax Revenue and Rs.19,181 crore of Non-Debt Capital Receipts.

Non-Debt Capital Receipts consists of Recovery of Loans (Rs.9, 080 crore) and Disinvestment of PSUs (Rs. 10,101 crore).

Rs. 3,77,076 crore has been transferred to the State Governments as Devolution of Share of Taxes by the Government of India up to this period which is Rs. 39,796 crore higher than the corresponding period of last year 2017-18.

Total Expenditure incurred by Government of India is Rs.14,56,593 crore (59.64% of corresponding BE 18-19), out of which Rs.12, 79,494 crore is on Revenue Account and Rs.1,77,099 crore is on Capital Account. Out of the total Revenue Expenditure, Rs.2,92,093 crore is on account of Interest Payments and Rs.2,08,421 crore is on account of Major Subsidies.

The fiscal deficit or gap between expenditure and revenue was Rs 6.48 lakh crore or 103.9% of Budget Estimate (BE) during April-October of the current financial year. At end of October 2017-18, the deficit was 96.1% of the BE.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, December 03 2018. 09:54 IST