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NEW DELHI: The federal government’s fiscal deficit stood at Rs 4.68 lakh crore or 31.1 per cent of the funds estimates on the finish of August, as per information launched by the Controller Normal of Accounts (CGA) on Thursday.
The deficit determine within the present fiscal seems a lot better than the earlier monetary 12 months when it had soared to 109.3 per cent of the estimates, primarily on account of a bounce in expenditure to cope with the Covid-19 pandemic.
In absolute phrases, the fiscal deficit or hole between expenditure and income was Rs 4,68,009 crore at finish of August, the CGA stated.
For the present monetary 12 months, the federal government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore.
As per the information, the central authorities’s whole receipts stood at Rs 8.08 lakh crore or 40.9 per cent of the corresponding funds estimate (BE) 2021-22 as much as August, 2021.
The entire receipts had been 16.8 per cent of the BE of 2020-21 in the course of the corresponding interval of the final monetary 12 months.
Of the full receipts, the tax income was Rs 6.44 lakh crore or 41.7 per cent of BE. The tax income was solely 17.4 per cent of BE of 2020-21 within the year-ago interval.
The CGA stated Centre’s whole expenditure was Rs 12.76 lakh crore or 36.7 per cent of BE as much as August 2021.
The fiscal deficit for 2020-21 was 9.3 per cent of the gross home product (GDP), higher than 9.5 per cent projected within the revised estimates within the funds in February.
The deficit determine within the present fiscal seems a lot better than the earlier monetary 12 months when it had soared to 109.3 per cent of the estimates, primarily on account of a bounce in expenditure to cope with the Covid-19 pandemic.
In absolute phrases, the fiscal deficit or hole between expenditure and income was Rs 4,68,009 crore at finish of August, the CGA stated.
For the present monetary 12 months, the federal government expects the deficit at 6.8 per cent of GDP or Rs 15,06,812 crore.
As per the information, the central authorities’s whole receipts stood at Rs 8.08 lakh crore or 40.9 per cent of the corresponding funds estimate (BE) 2021-22 as much as August, 2021.
The entire receipts had been 16.8 per cent of the BE of 2020-21 in the course of the corresponding interval of the final monetary 12 months.
Of the full receipts, the tax income was Rs 6.44 lakh crore or 41.7 per cent of BE. The tax income was solely 17.4 per cent of BE of 2020-21 within the year-ago interval.
The CGA stated Centre’s whole expenditure was Rs 12.76 lakh crore or 36.7 per cent of BE as much as August 2021.
The fiscal deficit for 2020-21 was 9.3 per cent of the gross home product (GDP), higher than 9.5 per cent projected within the revised estimates within the funds in February.
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