India's half-year fiscal deficit crosses 91% of full year target-The Total Investment & Insurance Solutions

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31 October  2017

 

Indian budgetary fiscal deficit (The Total Investment & Insurance Solutions)

The Indian budgetary fiscal deficit over the first half of the current financial year at Rs 4.99 lakh crore -- stood at 91.3 per cent of the full year's target of Rs 5.46 lakh crore, official data showed here on Tuesday.

The data furnished by the Comptroller General of Accounts (CGA) showed that April-September fiscal deficit was 83.9 per cent of the budget in the like period of the last fiscal.

According to the CGA data, tax revenue during the period under review was Rs 6.23 lakh crore, or 41.1 per cent of the estimates, while total receipts -- from revenue and non-debt capital -- during the fiscal's first half were Rs 6.50 lakh crore, or 40.6 per cent of the estimates for the current year.The Total Investment & Insurance Solutions