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

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.

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