Friday, July 4, 2025

Govt’s fiscal deficit at Nov end exceeds 50 pc of full year budget estimates

Date:

New Delhi: The government’s fiscal deficit at the end of November stood at Rs 9.06 lakh crore or 50.7 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday.

In absolute terms, the fiscal deficit — the difference between expenditure and revenue — was at Rs 9,06,584 crore during the April-October period of 2023-24.

In the corresponding period last year, the deficit was at 58.9 per cent of the budget estimates of 2022-23.

For 2023-24, the fiscal deficit of the government is estimated to be at Rs 17.86 lakh crore or 5.9 per cent of the GDP.

The Government of India received Rs 17.4 lakh crore (64.3 per cent of corresponding BE 2023-24 of total receipts) up to November 2023 comprising Rs 14.35 lakh crore tax revenue (net), Rs 2.84 lakh crore of non-tax revenue and Rs 25,463 crore of non-debt capital receipts.

Non-debt capital receipts consist of recovery of loans and miscellaneous capital receipts.

As per the CGA data, total expenditure incurred by the central government was at Rs 26.52 lakh crore (58.9 per cent of corresponding BE 2023-24) during April-November 2023.

Out of the total expenditure, Rs 20.66 lakh crore was on revenue account and Rs 5.85 lakh crore was on capital account.

Continuing the path of fiscal consolidation, the government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26.

PTI

Related articles

Big Breaking: High Court Rebukes Government, Thackeray’s Reaction

Highlights: The Mumbai High Court, under Justice Saran Kotwal, demonstrates fearlessness and accountability through its aggressive questioning of government lawyer Shailendra Nagarkar and CBI lawyers. The court's firm...

ALARMING SURGE IN HEART ATTACKS, ESPECIALLY AMONG YOUTH, PROMPTS KARNATAKA CM TO ORDER PROBE INTO POTENTIAL COVID-19 VACCINE LINK

Karnataka is facing an alarming increase in sudden heart attack deaths, affecting even young individuals, prompting Chief Minister...

Flying Cars in Bengaluru: A Sky Full of Hurdles – From Safety to Noise, Experts Question Viability

The allure of flying cars has long captured the human imagination, promising a future of decongested roads and...

The Ghost Workers of AI: SLAVES TO AI

Highlights The AI revolution has a hidden human cost, particularly in Africa. Workers, referred to as "ghost workers," are exploited...