Apr-Oct fiscal deficit over 36% of FY22 target

Top Stories

»	Gold, silver prices ease after Trump backs off from tariff threats on Europe
»	WEF 2026: Experts See AI as a Tool to Augment, Not Replace
»	Gold prices jump over 4 pc to hit record high
»	India’s textile sector is a powerful job-creating engine of growth: PM Modi
»	India, EU likely to clinch FTA deal by Jan 27

SME Times News Bureau | 30 Nov, 2021
India's April-October budgetary fiscal deficit reached 36.3 per cent of the FY22 target.

As per the data furnished by the Controller General of Accounts (CGA), the fiscal deficit -- the difference between revenue and expenditure -- for the April-October 2021-22 period stood at Rs 547,026 crore, or 36.3 per cent of the budget estimates (BE).

The FY22 deficit has been pegged at Rs 15.06 lakh crore.

Besides, the CGA data showed that the fiscal deficit during the corresponding months of the previous fiscal was 119.7 per cent of that year's target.

The Central government's total expenditure stood at Rs 1,826,725 crore (52.4 per cent of BE) while total receipts were Rs 1,279,699 crore (64.7 per cent of BE).