Live
- OU celebrates National Library Week with book exhibition
- Prakash Utsav to be celebrated today
- Survey staff turn a blind eye towards apartment dwellers
- Assembly to resolve on Constitutional amendment on age limit for legislators
- Govt to hold three public meetings for ‘People’s Govt—Victory Celebrations’
- SBI staff’s presence of mind averts digital arrest scam
- Students of Rockwoods School showcase unity in diversity
- Minister demands establishment of regional Centre of Excellence
- State secured Rs 36K crore investments in 10 months, created 51K jobs: Sridhar Babu
- AI Model Detects Residual Brain Tumors in 10 Seconds, Offers Real-Time Surgical Guidance
Fiscal deficit for April-Nov stands at Rs 9.07 lakh crore
India's fiscal deficit for the first eight months of the current financial year (April-November) stood at Rs 9.07 lakh crore, or 50.7 per cent of the annual estimate, according to government data released on Friday.
New Delhi: India's fiscal deficit for the first eight months of the current financial year (April-November) stood at Rs 9.07 lakh crore, or 50.7 per cent of the annual estimate, according to government data released on Friday.
The fiscal deficit was 58.9 per cent of the annual estimate in the same period last year.
The government’s total receipts stood at Rs 17.46 lakh crore, while overall expenditure in April to November was at Rs 26.52 lakh crore. These work out to 64.3 per cent and 58.9 per cent of the target set in the budget for 2023-24.
Revenue receipts stood at Rs 17.20 lakh crore, of which tax revenue was Rs 14.36 lakh crore while non-tax revenue was Rs 2.84 lakh crore rupees.
Tax and non-tax revenues were 61.6 per cent and 94.3 per cent, respectively, of the budget estimate.
While presenting the 2023-24 budget for this fiscal year, Finance Minister Nirmala Sitharaman fixed a target of reducing the fiscal deficit to 5.9 per cent of GDP from 6.4 per cent in 2022-23. The government has said it is on course to meet the target.
