India's fiscal deficit reached 79.3% of the budget estimates at the end of October 2016. 

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Data published by Controller General of Accounts showed that fiscal deficit in October was negative Rs 24,481 crore, compared to positive Rs 32683 crore a year ago same month.  

Year-to-date, the fiscal deficit stood at Rs 4,23,507 crore, a rise of 2.81% from Rs 4,11,246 crore in the corresponding period of the previous year. 

Fiscal deficit during the same period of last year stood at 74%. 

A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates, excluding money from borrowings. 

The country's revenue receipts stood at Rs 1,31,065 crore in October 2016 - totaling Rs 6,97,988 crore - 50.7% of BE. 

On the other hand, total expenditure of India stood at Rs 1,23,115 crore in October - taking it to 58.2% of BE to Rs 1150843 crore.