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LATEST NEWS UPDATES | Centre's April-November fiscal deficit Rs 9.78 lakh crore, 58.9% of FY budget estimate

Centre's April-November fiscal deficit Rs 9.78 lakh crore, 58.9% of FY budget estimate

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published Published on Dec 30, 2022   modified Modified on Dec 31, 2022

-Moneycontrol.com

The Centre is targeting a fiscal deficit of Rs 16.61 lakh crore for the current financial year, or 6.4 percent of the GDP. In the April-November period of FY22, the fiscal deficit was 46.2 percent of the full year target.

The central government's fiscal deficit widened to Rs 9.78 lakh crore in April-November period, accounting for 58.9 percent of the full-year target, data released on December 30 by the Controller General of Accounts showed.

The fiscal deficit in the first eight months of the last financial year was 46.2 percent of last year’s target.

The Centre is targeting a fiscal deficit of Rs 16.61 lakh crore for the current financial year, or 6.4 percent of the GDP.

The total receipts during April-November stood at Rs 14.64 lakh crore or 64.1 percent of the current year's budget estimate. In the comparable year-ago period, total receipts had hit 69.8 percent of the budget estimate.

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Moneycontrol.com, 30 December, 2022, https://www.moneycontrol.com/news/business/centres-april-november-fiscal-deficit-rs-9-78-lakh-crore-58-9-of-fy-budget-estimate-9788301.html


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