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Fiscal deficit hits 86% of budget estimate in April-November

Fiscal deficit touched the Rs 4.58 lakh crore mark, or 85.8% of the budget estimate (BE) for the whole financial year, at the end of April-November.

The fiscal situation at the end of November was better this financial year compared to the year-ago period as the deficit then stood at 87% of BE.

Fiscal deficit, the gap between expenditure and revenue for the entire fiscal, has been pegged at Rs 5.33 lakh crore, or 3.5% of GDP, in 2016-17.

As per data released by the Controller General of Accounts, tax revenue came in at Rs 6.21 lakh crore, or 59% of the full-year BE of Rs 10.54 lakh crore.

Total receipts from revenue and non-debt capital of the government during the eight months read Rs 7.96 lakh crore, or 57.8% of BE.

The government’s Plan expenditure during the period came in at Rs 3.64 lakh core, 66.2% of the full-year budget estimate. During the same period last year, it stood at 64.1%.

The non-Plan expenditure in April-November of 2016-17 was Rs 9.22 lakh crore, or 64.6%, of the whole-year estimate.

The total expenditure (Plan and non-Plan) was Rs 12.86 lakh crore, 65% of the government’s full-year estimate of Rs 19.78 lakh crore.

The revenue deficit during April-November stood at Rs 3.48 lakh crore, or 98.4% of BE for 2016-17.