Economy

H1 fiscal deficit hits 84% of full-year target

Our Bureau New Delhi | Updated on January 16, 2018 Published on October 31, 2016

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Fiscal deficit was ₹4,47,988 crore for the six-month period ending September, accounting for 83.9 per cent of the ₹5,33,904 crore budgeted for the entire year.

The deficit widened to 83.9 per cent for April-September 2016 against 68.1 per cent in the corresponding previous period, according to Controller General of Accounts data.

This is on the back of higher government spending. The plan expenditure has gone up for the period to 58.7 per cent against a budgeted target of 54.6 per cent.

The total revenue receipts were at 41.2 per cent against 45 per cent in the same period last year. This was primarily because of lower non-revenue receipts against the same period last year, even though the tax revenues have gone up.

The revenue deficit widened to 92.1 per cent against 68.2 per cent in the corresponding period last year.

Published on October 31, 2016

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