Fiscal Deficit for April-February 2022 at 82.7% of revised Budget estimates

1 Apr 2022 , 01:13 PM

According to government data released on Thursday, the Centre’s fiscal deficit at the end of February stood at 82.7% of the full-year budget target, mainly on account of higher expenditure. The government expects the fiscal deficit to be at 6.9% of the GDP or Rs 15.91 lakh crore in the current financial year ending March 31, 2022.

In the last financial year, the fiscal deficit or gap between the expenditure and revenue was 76% of the Revised Estimate (RE) of 2020-21.

As per the data released by the Controller General of Accounts (CGA), in actual terms, the deficit stood at Rs13,16,595 crore at the end of February this year.

Total receipts stood at Rs18.27 lakh crore or 83.9% of the RE of Budget 2021-22 vs 88.2% of the RE of 2020-21 in the corresponding period.

The government’s total expenditure was at Rs31.43 lakh crore or 83.4% of the current year’s RE. It was 81.7% of RE in the corresponding period last financial year.