Dec 01, 2016, 07.56 AM | Source: Moneycontrol.com
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.
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.
More to follow...