This Article is From Feb 28, 2022

April-January Fiscal Deficit Touches 58.9% Of 2021-22 Target

Government's fiscal deficit till January-end stood at 58.9 per cent of the annual budget target for 2021-22

April-January Fiscal Deficit Touches 58.9% Of 2021-22 Target

Government's fiscal deficit till January-end stood at 58.9 per cent of annual budget target

NEW DELHI:

Government's fiscal deficit till January-end stood at 58.9 per cent of the annual budget target for 2021-22, according to official data released on Monday.

The fiscal deficit was 66.8 per cent of revised estimate (RE) of 2020-21 during the corresponding period of last fiscal.

The deficit in actual terms was Rs 9,37,868 crore at end-January 2022 against upwardly revised annual estimate of Rs 15.91 lakh crore, according to the data released by the Controller General of Accounts (CGA).

Country's fiscal deficit - the difference between total revenue and total expenditure of the government - is projected to be higher at 6.9 per cent this fiscal ending March 2022 as against 6.8 per cent estimated earlier.

The total receipts of the government at end-January were Rs 18.71 lakh crore or 85.9 per cent of the RE for 2021-22. The collection was about 80 per cent of the RE of 2020-21 in the corresponding period last fiscal.

The tax (net) revenue so far were at 87.7 per cent of the RE of 2021-22. It was 82 per cent of RE 2020-21 in the corresponding period of last fiscal. In actual terms, the net tax revenue stood at Rs 15.47 lakh crore during April-January 2021-22.

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