Home Business April-Feb fiscal deficit at Rs 6.05 lakh crore

April-Feb fiscal deficit at Rs 6.05 lakh crore

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The government’s fiscal deficit stood at 6(point)05 lakh crore rupees at the end of February this year which is 113(point)4 per cent of the full year fiscal deficit target for the entire 2016-17 fiscal.

Fiscal deficit, which is a reflection of the government’s borrowing to meet the revenue-expenditure gap, was 107.4 per cent in the corresponding period last year. According to data released by the Controller General of Accounts, the revenue deficit during the April 2016 to February 2017 period was 142.8 per cent of the budget estimate.

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