Moneycontrol
Dec 01, 2016 07:56 AM IST | Source: Moneycontrol.com

April-Oct fiscal deficit reaches 79.3% of full-year target

The fiscal deficit for the April-October period widened marginally to Rs 4.2 lakh crore against Rs 4.1 lakh crore on a year on year basis.


Moneycontrol Bureau

The fiscal deficit for the April-October period came in at Rs 4.2 lakh crore against Rs 4.1 lakh crore on a year on year basis.


The deficit figure for the first seven months of this fiscal year was 79.3 percent of Rs 5.34 Lakh crore FY17 Budget target.

The April-October revenue gap was Rs 3.28 lakh crore against Rs 2.87 lakh crore on a year on year basis.

Fiscal deficit in April-September widened to 83.9 percent of its total Budget estimate of Rs 5.34 lakh crore for 2016-17 as against 68.1 per cent of the Budget target last year.

Speaking to CNBC-TV18, Madan Sabnavis of CARE Ratings said that the fiscal deficit numbers are on course on an year-on-year basis.


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