HomeNewsBusinessEconomyFiscal deficit hits 83.9% of Budget estimate in first half

Fiscal deficit hits 83.9% of Budget estimate in first half

The fiscal situation in April-September deteriorated over the year ago as the deficit then stood at 68.1 percent of the Budget estimate of 2015-16.

November 01, 2016 / 08:16 IST
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Fiscal deficit in the first half of the current fiscal stood at Rs 4.47 lakh crore, or 83.9 percent of the Budget estimate (BE) for the whole year.

The fiscal situation in April-September deteriorated over the year ago as the deficit then stood at 68.1 percent of the Budget estimate of 2015-16.

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Fiscal deficit, the gap between expenditure and revenue for the entire fiscal, has been pegged at Rs 5.33 lakh crore, or 3.5 percent of GDP, in 2016-17.

As per the data released by the Controller General of Accounts, tax revenue came in at Rs 4.48 lakh crore, or 42.5 percent of the full year BE of Rs 10,54,101 crore.