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Centre's April-November fiscal deficit Rs 9.78 lakh crore, 58.9% of FY budget estimate

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The central government's fiscal deficit widened to Rs 9.78 lakh crore in April-November period, accounting for 58.9 percent of the full-year target, data released on December 30 by the Controller General of Accounts showed.

The fiscal deficit in the first eight months of the last financial year was 46.2 percent of last year’s target.

The total receipts during April-November stood at Rs 14.64 lakh crore or 64.1 percent of the current year's budget estimate. In the comparable year-ago period, total receipts had hit 69.8 percent of the budget estimate.

The Centre’s total expenditure during April-November stood at Rs 24.42 lakh crore, or 61.9 percent of the budget estimate, which is higher than 59.6 percent in the year-ago period.

The net tax revenue for April-November stood at Rs 12.25 lakh crore, 63.3 percent of the budget estimate, against 73.5 percent in the corresponding period of last financial year.

Capital expenditure in April-November was Rs 4.47 lakh crore, 59.6 percent of the full year target. Disinvestments were Rs 28,399 crore, 44 percent of the target.

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