Key Points
New Delhi: India's fiscal deficit for the first seven months of the current financial year touched 45% of the full-year budget estimate, marginally lower than the 45.6% deficit recorded in the year-ago period, data released by the Controller General of Accounts (CGA) showed on Thursday...
In absolute terms, the fiscal deficit between April and October this year stood at 8.03 lakh crore against 7.6 lakh crore a year ago..
The government has pegged FY24 fiscal deficit at 5.9% of the GDP or 17.8 lakh crore...
Capital expenditure stood at 5.47 lakh crore, higher than 4.09 lakh crore in the year-ago period, it showed..
Total expenditure stood at 23.94 lakh crore, which is 53% of the total expenditure budget. Out of this, 18.47 lakh crore expenditure was on revenue account, 5.45 lakh crore was for interest payments and 2.31 lakh crore was spent on account of major subsidies...
