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

Stock markets rebound in early trade on US Fed rate cut hopes, fresh foreign fund inflows

CESC arm bags 300 MW solar project from SECI at Rs 2.86 per kWh

OIL inks pact with BPCL for Andhra refinery project, may pick up minority stake

BEML, DPA, DMRC, and Umeandus join forces to develop India’s smartest rail-based freight system

DGCA approves empanelment of 10 new aeromedical evaluation centres