India's fiscal deficit at the end of November breached the target and touched 112 per cent of the budget estimate for 2017-18. This was mainly due to lower GST collections, and higher expenditure. In absolute terms, the fiscal deficit the difference between expenditure and revenue stood at 6.1 lakh cr rupees during the April to November 2017 period, according to Controller General of Accounts data. During the same period of the last fiscal, the deficit had stood at 85.8 per cent of that year's target. Data showed that the government's revenue receipts were 53.1 per cent of the budget estimate during the April to November 2017 period. The government's total expenditure was 68.9 per cent of the budget estimate. Capital expenditure during the period was 59.5 per cent of the estimate, while revenue expenditure was 70.5 per cent.
News On AIR | December 29, 2017 6:10 PM
Fiscal deficit breaches FY18 target in November