Fiscal deficit in April came in at Rs 1.37 lakh crore, which is 25.7% of the Budget estimate for 2016-17. By definition, the fiscal deficit is the gap between expenditure and revenue, which for the whole fiscal has been pegged at Rs 5.33 lakh crore.

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The deficit in April last fiscal was 23% of the Budget estimate. For 2016-17, the government has set a fiscal deficit target of 3.5%.

According to data released by the Controller and Accounts General, total expenditure of the government in April read Rs 1.61 lakh crore, or 8.2% of the full-year estimate.

Of the total expenditure, Plan spending was Rs 45,543 crore while for non-plan, it was Rs 1,16,442 crore. Revenue collection was Rs 22,075 crore, or 1.6% of the estimate. Total receipts of the government -- from revenue and non-debt capital -- in April stood at Rs 24,659 crore.
 
The revenue deficit during the month was Rs 1,19,075 crore, or 33.6%, it said. Revenue deficit refers to the shortfall in total government revenue realisation from the targeted figure.