more-inIndia’s fiscal deficit touched Rs 6.77 lakh crore at the end of January, 113.7 per cent of the target for the entire fiscal, on account of higher expenditure. Fiscal deficit had been pegged at Rs 5.33 lakh crore, or 3.5 per cent of the GDP, for the current fiscal ending March 31. The government’s revenue expenditure during the current fiscal till January came in at Rs 15.75 lakh crore, 81 per cent of the full-year revised estimate. The capital expenditure was Rs 2.64 lakh crore, or 96.9 per cent, of the full-year revised estimate. The total expenditure was Rs 18.39 lakh crore,83 per cent of the government’s full-year estimate of Rs 22.17 lakh crore.

Source: The Hindu February 28, 2018 14:03 UTC