Fiscal deficit touches 59% of full-year target in Nov

Fiscal deficit touches 59% of full-year target in Nov: CGA data

Government's fiscal deficit at the end of November touched 59 percent of the full year budget estimate, revealed the CGA data

PSU Watch Bureau

Published:30th Dec, 2022 at 5:20 PM

New Delhi: The government's fiscal deficit at the end of November touched 59 percent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit is the difference between expenditure and revenue. Fiscal deficit was Rs 9,78,154 crore during the April-November period of 2022-23.

In the corresponding period last year, the deficit was 46.2 percent of the budget estimates of 2021-22. For 2022-23, the fiscal deficit of the government is estimated to be Rs 16.61 lakh crore or 6.4 percent of the GDP.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, j oin PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Fiscal deficit touches 59% of full-year target in Nov: CGA data

Government's fiscal deficit at the end of November touched 59 percent of the full year budget estimate, revealed the CGA data

Also Read

Daylight double murder of HPCL officers raises law & order issues, setback to UP's CBG push

Govt urges C&I consumers of LPG to switch to PNG as supply pressure continues

Coal India files RHP for CMPDIL IPO, proposes to offload upto 15% stake via OFS

One of 28 Indian-flagged vessels stranded in Strait of Hormuz sails away safely

TRAI proposes disconnecting pesky callers' services based on telcos' AI spam alerts