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25
September 2018
 |
fiscal deficit (The Total Investment & Insurance Solutions)
India's
budgetary fiscal deficit for April-August at Rs 5.91 lakh crore accounted for
94.7 per cent of the full year's target of Rs 6.24 lakh crore, official data
showed on Tuesday.
The
data furnished by the Controller General of Accounts (CGA) showed that the
fiscal deficit during the corresponding five months of the previous fiscal was
96.1 per cent.
Till
August this year, the government's total expenditure stood at Rs 10.70 lakh
crore (43.85 per cent of the budget estimates) while the total receipts were Rs
4.79 crore (26.38 per cent of the budget estimates).
"Rs
2,67,302 crore has been transferred to state governments as devolution of share
of taxes by the government up to this period which is Rs 26,390 crore higher
than the corresponding period of last year," the Finance Ministry said in
a statement.
Out
of the total expenditure, Rs 9.38 lakh crore was on revenue account and Rs 1.32
lakh crore on capital account.
"Out
of the total revenue expenditure, Rs 2,19,111 crore is on account of interest
payments and Rs 1,70,617 crore is on account of major subsidies," the
statement said.
On
the other hand, total receipts comprised Rs 3.66 lakh crore of tax revenue, Rs
98,332 crore of non-tax revenue and Rs 15,020 crore of non-debt capital
receipts, the government said.
Non-debt
capital receipts consisted of loan recovery worth Rs 5,596 crore and
disinvestment of public sector undertakings amounting to Rs 9,424 crore.The Total Investment & Insurance Solutions
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