Sunday 24th, September 2017
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India's April-May fiscal deficit at 68% of full year target

Published On : 01 Jul 2017


New Delhi, (IANS) India's fiscal deficit up to last month during the current fiscal touched Rs 3.73 lakh crore or 68.3 per cent of the Budget estimates for 2017-18, official data showed on Friday.

According to figures released by the Controller General of Accounts (CGA), the deficit in the April-May period was 42.9 per cent of the Budget in the same period of last fiscal year.

The 2017-18 deficit -- the difference between revenue and expenditure -- has been pegged at Rs 5.46 lakh crore, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.







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