India's Fiscal Deficit Reaches 45% of Target in October

Nov 30, 2023 16:18

India's fiscal deficit reached 45% of the full-year budget estimate in October, according to data released by the Controller General of Accounts. The deficit was Rs 8.03 lakh crore during the April-October period.

New Delhi, Nov 30 (PTI) The government's fiscal deficit at the end of October touched 45 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Wednesday.

In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 8.03 lakh crore during the April-October period of 2023-24.

In the corresponding period last year, the deficit was 45.6 per cent of the budget estimates of 2022-23.

For 2023-24, the fiscal deficit of the government is estimated to be Rs 17.86 lakh crore or 5.9 per cent of the GDP.

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India's Fiscal Deficit Reaches 45% of Target in October

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