Govt’s fiscal deficit at Nov end exceeds 50% of full year budget estimates

New Delhi: The government’s fiscal deficit at the end of November stood at Rs9.06 lakh crore or 50.7 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was at Rs9,06,584 crore during the April-October period of 2023-24.

In the corresponding period last year, the deficit was at 58.9 per cent of the budget estimates of 2022-23. For 2023-24, the fiscal deficit of the government is estimated to be at Rs17.86 lakh crore or 5.9 per cent of the GDP.

The Government of India received Rs 17.4 lakh crore (64.3 per cent of corresponding BE 2023-24 of total receipts) up to November 2023 comprising Rs 14.35 lakh crore tax revenue (net), Rs 2.84 lakh crore of non-tax revenue and Rs 25,463 crore of non-debt capital receipts.

Non-debt capital receipts consist of recovery of loans and miscellaneous .