At Rs 4.68 crore, India’s April-August fiscal deficit at 31.1% in FY22

At Rs 4.68 crore, India’s April-August fiscal deficit at 31.1% in FY22

According to data released by the Controller General of Accounts (CGA) on Thursday, the government’s fiscal deficit at the end of August stood at Rs 4.68 lakh crore or 31.1 per cent of the budget estimate.

The deficit figure in the current fiscal appears to be much better than that of the previous financial year, when it had risen to 109.3 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 4,68,009 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.

According to the data, the total receipts of the central government till August 2021 stood at Rs 8.08 lakh crore or 40.9 per cent of the corresponding Budget Estimate (BE) 2021-22.

The total receipts during the corresponding period of the last financial year were 16.8 per cent of the BE of 2020-21.

Of the total receipts, tax revenue was Rs 6.44 lakh crore or 41.7 per cent of BE. Tax revenue in the year-ago period was only 17.4 per cent of the BE of 2020-21.

The CGA said the Centre’s total expenditure till August 2021 was Rs 12.76 lakh crore or 36.7 per cent of BE.

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.

(Only the title and image in this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)

                                                    </div><div style="background: #fee8dd; padding: 12px; border: dashed 1px black; margin-bottom: 20px;">

mail Dear reader,

Business Standard has always worked hard to provide updated information and commentary on events that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has further strengthened our resolve and commitment to these ideals. Even during these difficult times arising out of COVID-19, we are committed to keeping you informed and updated with relevant news, authoritative views and sharp comments on relevant relevant issues.
However, we have a request.

As we grapple with the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. Subscribing to more of our online content can only help us achieve our goals of providing you with better and more relevant content. We believe in independent, unbiased and credible journalism. Your support through more subscriptions can help us practice the journalism we’re committed to.

support quality journalism and Subscribe to Business Standard.

digital editor



this is an unedited and auto-generated supporting article of the syndicated news feed are actualy credit for owners of origin centers. intended only to inform and update you about Sakari naukri , result , UPSC , Exam Jobs etc. for Provides real or authentic news. also Original content may not have been modified or edited by nixatube team members.

Leave a Reply