Indias fiscal deficit reaches 113% in February
From April 2016 - February 2017, the fiscal deficit stood at Rs 6,05,614 crore, a rise of 5.71% from Rs 5,72,872 crore in the corresponding period of the previous year.
India's fiscal deficit reached 113.4% of the budget estimates (BE) at the end of February 2017.
As per Controller General of Accounts (CAG) data, fiscal deficit in February stood at Rs 41,422 crore, compared Rs 40,591 crore in the similar month of previous year.
From April 2016 – February 2017, the fiscal deficit stood at Rs 6,05,614 crore, a rise of 5.71% from Rs 5,72,872 crore in the corresponding period of the previous year.
Fiscal deficit during the same period of last year stood at negative 107.10%.
A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings.
Here an view of Indian government's account so far this fiscal (FY17).
The country's revenue receipts stood at Rs 84,789 crore in February 2017 - totaling Rs 10,94,183 crore – 76.9% of BE.
On the other hand, total expenditure of India stood at Rs 1,35,363 crore in February- taking it to 87% of BE to Rs 17,53,020 crore.
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