SME Times News Bureau | 30 Sep, 2020
India's budgetary fiscal deficit for the April-August 2020-21 period
stood at Rs 8.70 lakh crore, or 109.3 per cent of the budget estimates
(BE).
The 2020-21 deficit -- the difference between revenue and
expenditure -- has been pegged at Rs 7.96 lakh crore, as compared to the
revised deficit of Rs 7.66 lakh crore for the last fiscal.
As
per the Controller General of Accounts (CGA) data released on Wednesday,
the fiscal deficit during the corresponding months of the previous
fiscal was 78.7 per cent of that year's target.
The Central
government's total expenditure stood at Rs 12.47 lakh crore (41 per cent
of BE) while total receipts were Rs 3.77 lakh crore (16.8 per cent of
BE).
