http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns
The fiscal deficit rose sharply in February, having amounted to 58.9 percent of the full-year target in April 2021-January 2022.
The Centre's fiscal deficit jumped to 82.7 percent of the FY22 target in April 2021-February 2022, data released on March 31 by the Controller General of Accounts showed.
The fiscal deficit had amounted to 76.0 percent of the full-year target for the corresponding period of FY21.
While the latest numbers on the government's finances continue to show the Centre is on track to meet its revised fiscal deficit target of 6.9 percent of GDP for FY22, February saw a sharp rise in the deficit.
The fiscal deficit had amounted to 58.9 percent of the full-year target in April 2021-January 2022.
In February, the Centre recorded a fiscal deficit of Rs 3.79 lakh crore, more than double of what it posted in the corresponding period last year.
Also Read: US calls India's stand on Russian sanctions 'deeply disappointing'