At 9.3%, FY21 fiscal deficit down from RE of 9.5%
May 31, 2021
The Government managed to end the fiscal year 2020-21 with a fiscal deficit lower than the revised estimate as projected in the Budget, data presented by the Controller General of Accounts (CGA) revealed on Monday. This will give some relief to the bond market and interest rates in particular.
Fiscal deficit shows expenditure is higher than the revenue for the Government. Data shows fiscal deficit for FY21 touched a little over ₹18.21 lakh crore as against the revised estimate of over ₹18.48 lakh crore. In terms of percentage of GDP, the final number stands at 9.3 per cent as against 9.5 per cent as mentioned in the Budget.
India s fiscal deficit hits 66.8 per cent of revised forecast
During the April 2020 to January 2021 period, total receipts stood at Rs 12.83 lakh crore which is 80.1 per cent of the revised Budget target of Rs 16.01 lakh crore.
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The gap between the government’s revenue and expenditure (Fiscal deficit), in absolute terms, stood at Rs 12.34 lakh crore. (Express Illustrations) By Express News Service
NEW DELHI: Data released on Friday by the Controller General of Accounts (CGA) showed that, as of the end of January 2021, India’s fiscal deficit had breached 66.8 per cent of the revised budget estimates for the current financial year (2020-21).
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India s fiscal deficit reaches 145.5% of budget estimate at Rs 11.58 lakh crore in Dec end
In absolute terms, the fiscal deficit stood at Rs 11,58,469 crore at December-end
PTI | January 30, 2021 | Updated 08:56 IST
The government received Rs 11.21 trillion (50 per cent of corresponding BE 2020-21 of total receipts) up to December 2020
Union government s fiscal deficit soared to Rs 11.58 trillion or 145.5 per cent of the Budget Estimate (BE) at the end of December, as revenue realisation was hit by disruptions in normal business activities. According to the data released by the Controller General of Accounts (CGA), the fiscal deficit at the end of December in the previous fiscal year was 132.4 per cent of the BE of 2019-20.
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