Fiscal deficit during the current financial year could overshoot the target by 1 per cent to around 5.6 per cent of the GDP. Prime Minister's Economic Advisory panel member M Govinda Rao said, it will be difficult for the government to bring it down to 4.1 per cent. Last month, Chief Economic Advisor Kaushik Basu had said that he expects fiscal deficit as a percentage of GDP to overshoot the target. Prime Minister's Economic Advisory Council Chairman had said that the fiscal deficit is likely to one per cent higher than the target of 4.6 per cent. The government's fiscal situation has shown deterioration at the end of the first nine months of the current financial year, mainly due to poor realisation of non-tax revenues and also the government has so far managed to raise 1,145 crore this fiscal from disinvestment against a target of 40,000 crore rupees. According to the Controller General of Accounts data, the government's fiscal deficit went up to 3.81 lakh crore rupees, or 92.3 per cent of the Budget estimates at the end of December. For the current fiscal, the government has estimated a deficit of 4.12 lakh crore rupees, or 4.6 per cent of the GDP.