The Centre's fiscal deficit during April to October, that is the first seven months of the year, is well below last year's at Rs 20,200 crore as against Rs 39,200 crore, CNBC-TV18 reported.
It is also 36.3 percent less than the Budget estimates for FY22, data released by the Controller General of Accounts (CGA) has revealed. The central government had set a fiscal deficit target of Rs 15.07 lakh crore for the financial year.
The CGA had stated a month ago that the union government’s fiscal deficit has worked out to be Rs 5.26 lakh crore, which was 35 percent of the budget estimates at the end of September 2021.
The deficit figures in the current fiscal appear much better than the previous financial year, when they had soared greatly, primarily due to a jump in COVID-19 related expenditures.
Meanwhile, the revenue receipts were at 70.5 percent of this year Budget estimates as against 34.2 percent last year. At the same time, total expenditure stood at 524 percent of the Budget target vs 54.6 percent last year.