April­-May fiscal deficit at 43% of budget estimate

NEW DELHI: Fiscal deficit in the first two months of the current financial year was ₹2.28 lakh crore, or 42.9%, of the Budget Estimates (BE) for 2016-17, much higher

NEW DELHI: Fiscal deficit in the first two months of the current financial year was ₹2.28 lakh crore, or 42.9%, of the Budget Estimates (BE) for 2016-17, much higher than the year-ago period. The fiscal deficit situation during April-May of the last fiscal was 37.5% of the BE. The gap between expenditure and revenue for the entire current fiscal has been pegged at ₹5.33 lakh crore. As per the data released by the Controller General of Accounts, tax revenue was ₹49,690 crore, or 4.7% of the estimate.. Total receipts (from revenue and non-debt capital) of the government during the two months was ₹69,060 crore, or 4.8%, of the estimates for the current year. It was 4.4% of the estimates for 2015-16.

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