New Delhi: Govt. Fiscal deficit According to data released by the Controller General of Accounts (CGA) on Friday, it stood at Rs 5.26 lakh crore or 35 per cent of the budget estimate by the end of September 2021.
The deficit figures in the current fiscal appear to be much better than the previous financial year, when it widened to 114.8 per cent of the estimate mainly due to a jump in spending to tackle the Covid-19 pandemic.
Overall, the fiscal deficit or the gap between expenditure and revenue stood at Rs 5,26,851 crore at the end of August, the CGA said.
For the current fiscal, the government expects the deficit to be 6.8 per cent of GDP or Rs 15,06,812 crore.
As per the data, the total receipts of the central government till September 2021 stood at Rs 10.99 lakh crore or 55.6 per cent of the respective Budget Estimates (BE) 2021-22.
The total receipts during the corresponding period of the previous financial year were 25.2 per cent of the BE of 2020-21.
Of the total receipts, tax revenue was Rs 9.2 lakh crore or 59.6 per cent of BE. Tax revenue in the year-ago period was only 28 per cent of the BE of 2020-21.
The CGA data further said that the total expenditure of the central government at the end of the first half of the financial year stood at Rs 16.26 lakh crore or 46.7 per cent of the budget estimate for the current fiscal.
Of the total expenditure, Rs 13,96,666 crore was in the revenue account and Rs 2,29,351 crore was in the capital account.
Of the total revenue expenditure, Rs 3,63,757 crore was on interest payment and Rs 1,80,959 crore was on account of major subsidies.
The fiscal deficit for 2020-21 stood at 9.3 per cent of gross domestic product (GDP), better than the 9.5 per cent projected in the revised estimates in the budget in February.
The deficit figures in the current fiscal appear to be much better than the previous financial year, when it widened to 114.8 per cent of the estimate mainly due to a jump in spending to tackle the Covid-19 pandemic.
Overall, the fiscal deficit or the gap between expenditure and revenue stood at Rs 5,26,851 crore at the end of August, the CGA said.
For the current fiscal, the government expects the deficit to be 6.8 per cent of GDP or Rs 15,06,812 crore.
As per the data, the total receipts of the central government till September 2021 stood at Rs 10.99 lakh crore or 55.6 per cent of the respective Budget Estimates (BE) 2021-22.
The total receipts during the corresponding period of the previous financial year were 25.2 per cent of the BE of 2020-21.
Of the total receipts, tax revenue was Rs 9.2 lakh crore or 59.6 per cent of BE. Tax revenue in the year-ago period was only 28 per cent of the BE of 2020-21.
The CGA data further said that the total expenditure of the central government at the end of the first half of the financial year stood at Rs 16.26 lakh crore or 46.7 per cent of the budget estimate for the current fiscal.
Of the total expenditure, Rs 13,96,666 crore was in the revenue account and Rs 2,29,351 crore was in the capital account.
Of the total revenue expenditure, Rs 3,63,757 crore was on interest payment and Rs 1,80,959 crore was on account of major subsidies.
The fiscal deficit for 2020-21 stood at 9.3 per cent of gross domestic product (GDP), better than the 9.5 per cent projected in the revised estimates in the budget in February.
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