Global Economy

India's fiscal deficit for April-October reaches 36.3% of full year target

India’s fiscal deficit reached 36.3 per cent of the full year target for the first seven months from April to October.

The fiscal gap stood at rs 5.47 lakh crore. Receipts were Rs 12.79 lakh crores while total expenditure came in at Rs 18.27 lakh crore.

The government had pegged this year’s fiscal deficit at 6.8 per cent of GDP.

The target could be missed on account of extension of free food grain scheme and settling Air India’s liabilities worth Rs 44,000 crore.

The government may also fall short of meeting the disinvestment target set for the current fiscal and along with cut in fuel excise will add to fiscal pressures.


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