India’s fiscal deficit for the first eleven months of this fiscal year through February stood at Rs 12.5 lakh crore (about $132 billion), or 80.4% of the annual estimate, government data showed on Monday.
The deficit was lower than 85.8% reported in the comparable period a year earlier, indicating a moderation in the pace of fiscal slippage.
Total receipts up to February stood at Rs 27.92 lakh crore, while total expenditure was Rs 40.45 lakh crore. Receipts and expenditure amounted to 82.0% and 81.5% of the full-year revised estimates, respectively.
The deficit was lower than 85.8% reported in the comparable period a year earlier, indicating a moderation in the pace of fiscal slippage.
Total receipts up to February stood at Rs 27.92 lakh crore, while total expenditure was Rs 40.45 lakh crore. Receipts and expenditure amounted to 82.0% and 81.5% of the full-year revised estimates, respectively.
