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31
August 2017
 |
| fiscal deficit (The Total Investment & Insurance Solutions) |
India's
April-July fiscal deficit stood at 92.4 per cent -- or Rs 5.05 lakh crore -- of
the full year Budget target of Rs 5.46 lakh crore, official data showed here on
Thursday.
The
data furnished by the Comptroller General of Accounts (CGA) showed that
April-July fiscal deficit was 73.7 per cent of the Budget in the same period of
the last fiscal.
The
2017-18 deficit -- the difference between revenue and expenditure -- has been
pegged at Rs 5.46 lakh crore for 2017-18, as compared to the deficit of Rs 5.34
lakh crore for the last fiscal.
According to the CGA data, tax revenue during
the period under review was Rs 2.57 lakh crore, or 21 per cent of the
estimates, while total receipts -- from revenue and non-debt capital -- during
the fiscal's first four months were Rs 3.03 lakh crore, or 19 per cent of the
estimates for the current year. The
Total Investment & Insurance Solutions
The
data revealed that total expenditure during the April-July period was Rs 8.08
lakh crore, or 37.7 per cent of the entire fiscal's estimate. The revenue
deficit during the period under review was over Rs 4.22 lakh crore, or 131.2
per cent, of the estimatesThe Total
Investment & Insurance Solutions
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