Fiscal deficit touches 82.8 pc of full-year target in February: Govt data

| | New Delhi
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Fiscal deficit touches 82.8 pc of full-year target in February: Govt data

Saturday, 01 April 2023 | PTI | New Delhi

The central government’s fiscal deficit touched 82.8 per cent of the full-year target at the end of February, according to data released by the Controller General of Accounts (CGA) on Friday.

In actual terms, the fiscal deficit or gap between the expenditure and revenue collection during April-February period stood at `14.53 lakh crore.

The fiscal deficit in the comparable period of 2021-22 was 82.7 per cent of that year’s Revised Estimate (RE) in the Budget.

For the full year 2022-23, the government expects the deficit at `17.55 lakh crore or 6.4 per cent of the GDP.

CGA data showed that the net tax collection in the first 11 months of this fiscal was at `17,32,193 crore or 83 per cent of the RE for 2022-23. In the comparable period last fiscal, the collection stood at 83.9 per cent of the RE for 2021-22.

Total expenditure incurred by the government was `34.93 lakh crore (83.4 per cent of RE 2022-23), out of which `29,03,363 crore was on Revenue Account and ` 5,90,227 crore was on Capital

Account.

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