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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback