Fiscal deficit reaches 94% of the budget estimate

Posted byadmin Published On February 1st, 2017 Leave a comment on Fiscal deficit reaches 94% of the budget estimate

Fiscal deficit in the first nine months of 2016-17 touched 93.9% of the Budget estimate. The fiscal deficit had stood at 87.9% (2015-2016) in the corresponding nine months a year ago. The fiscal deficit is the gap between expenditure and revenue. According to data released by the Controller General of Accounts, tax revenue was 71.4% of the full-year budget estimate. Total expenditure, Plan and Non-Plan, was 74.3% of the government’s full-year estimate. The revenue deficit during April-December 2016 stood at 100.1% of the budget estimate.

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