Centre's fiscal deficit at ₹5.47 lakh crore at end-October
The Hindu
For the current financial year, the government expects the deficit at 6.8% of GDP or ₹15.06 lakh crore
The Union government's fiscal deficit works out to be ₹5.47 lakh crore or 36.3% of the budget estimates at the end of October 2021 on the back of improvement in revenue collection, according to the data released by the Controller General of Accounts (CGA) on Tuesday.
The deficit figures in the current fiscal appear better than the previous financial year when the gap between expenditure and revenue had soared to 119.7% of the last year's Budget Estimates (BE) mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.
In absolute terms, the fiscal deficit was ₹5,47,026 crore at the end of October, the CGA said.
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