NEW DELHI: Fiscal deficit touched 121.5 in line with cent of the full-year revised goal of Rs 6.34 lakh crore at the end of January on account of decrease revenue collections, executive knowledge confirmed on Tuesday. The fiscal deficit, or the distance between the government's expenditure and revenue, stood at Rs 7.70 lakh crore throughout April-January of the current monetary yr ending March.
At the top of January 2018, the deficit was 113.7 in line with cent of the Revised Estimate (RE).
The executive had budgeted to chop the fiscal deficit to three.3 in line with cent of GDP or Rs 6.24 lakh crore in 2018-19, from 3.53 in line with cent in the earlier monetary yr.
However, in the Interim Budget 2019-20, the fiscal deficit was revised upwards marginally to three.four in line with cent of GDP or over Rs 6.34 lakh crore, on account of additional outlay of Rs 20,000 crore for investment source of revenue scheme for small farmers.
According to the information launched through the Controller General of Accounts (CGA), the revenue receipts of the government totalled Rs 11.81 lakh crore or 68.3 in line with cent of RE till January 2018-19, when compared with 72.eight in line with cent throughout the similar length ultimate fiscal.
According to RE, the government expects to mop up Rs 17.29 lakh crore revenue throughout the present fiscal, from Rs 17.25 lakh crore budgeted originally.
Tax revenue was 68.7 in line with cent of RE, when compared with 76.5 in line with cent in the comparable length of the former yr.
According to the CGA knowledge, the entire expenditure of the government at January-end was Rs 20.01 lakh crore or 81.5 in line with cent of RE. The total expenditure for the present fiscal has been raised to Rs 24.57 lakh crore in the RE, from the budgeted Rs 24.42 lakh crore.
At the top of January 2018, the deficit was 113.7 in line with cent of the Revised Estimate (RE).
The executive had budgeted to chop the fiscal deficit to three.3 in line with cent of GDP or Rs 6.24 lakh crore in 2018-19, from 3.53 in line with cent in the earlier monetary yr.
However, in the Interim Budget 2019-20, the fiscal deficit was revised upwards marginally to three.four in line with cent of GDP or over Rs 6.34 lakh crore, on account of additional outlay of Rs 20,000 crore for investment source of revenue scheme for small farmers.
According to the information launched through the Controller General of Accounts (CGA), the revenue receipts of the government totalled Rs 11.81 lakh crore or 68.3 in line with cent of RE till January 2018-19, when compared with 72.eight in line with cent throughout the similar length ultimate fiscal.
According to RE, the government expects to mop up Rs 17.29 lakh crore revenue throughout the present fiscal, from Rs 17.25 lakh crore budgeted originally.
Tax revenue was 68.7 in line with cent of RE, when compared with 76.5 in line with cent in the comparable length of the former yr.
According to the CGA knowledge, the entire expenditure of the government at January-end was Rs 20.01 lakh crore or 81.5 in line with cent of RE. The total expenditure for the present fiscal has been raised to Rs 24.57 lakh crore in the RE, from the budgeted Rs 24.42 lakh crore.
Fiscal deficit touches 121.5% of full-year target in January
![Fiscal deficit touches 121.5% of full-year target in January]()
Reviewed by Kailash
on
February 26, 2019
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