The Centre’s fiscal deficit on the finish of February stood at 82.7 per cent of the complete yr funds goal, primarily on account of upper expenditure, in line with authorities knowledge launched on Thursday. Within the final monetary yr, the fiscal deficit or hole between the expenditure and income was 76 per cent of the Revised Estiamate (RE) of 2020-21.
In precise phrases, the deficit stood at Rs 13,16,595 crore on the finish of February this yr, as per the info launched by the Controller General of Accounts (CGA).
The central authorities’s complete receipts stood at Rs 18.27 lakh crore or 83.9 per of the RE of Budget 2021-22. It was 88.2 per cent of the RE of 2020-21 within the corresponding interval.
The federal government’s complete expenditure was at Rs 31.43 lakh crore or 83.4 per cent of the present yr’s RE. It was 81.7 per cent of RE within the corresponding interval final monetary yr.
The federal government expects the fiscal deficit to be at 6.9 per cent of the GDP or Rs 15.91 lakh crore within the present monetary yr ending March 31, 2022.
