Fiscal deficit touches 31.1 % of annual target at end-August
The Hindu
The government's fiscal deficit stood at ₹ 4.68 lakh crore or 31.1 % of the Budget estimates at the end of August, as per data released by the Controller General of Accounts (CGA) on Thursday. The
The government's fiscal deficit stood at ₹ 4.68 lakh crore or 31.1 % of the Budget estimates at the end of August, as per data released by the Controller General of Accounts (CGA) on Thursday.
The deficit figure in the current fiscal appears much better than the previous financial year when it had soared to 109.3 % of the estimates, mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.
In absolute terms, the fiscal deficit or gap between expenditure and revenue was ₹ 4,68,009 crore at end of August, the CGA said.
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