Fiscal deficit at 81% of budget estimates in March-June quarter

Revenue deficit in Q1 of FY 17-18 was 119.1 per cent of the budget estimates, much higher than 79.6 per cent in the precious corresponding period.

The Government of India is aggressively spending this fiscal. Over 30 per cent of budget committed for the year has already exhausted in the March-June quarter. 

 

According to a data released on Monday, capital spending in first quarter was estimated at 22.1 per cent of the budget estimate. This spending is higher than 19.9 per cent at the same time last year. 

 

However, the higher expenditure has led to the increased fiscal deficit. At the end of first quarter, fiscal deficit was 80.8 per cent of budget estimate as against 61.1 per cent during the same period. 

 

According to an ET report, the government spent Rs 68,328 crore of its Rs 3.1 lakh crore-plus capital budget by June, 39.4 per cent more than the amount spend in the corresponding period last year. 

 

Revenue deficit in Q1 of FY 17-18 was 119.1 per cent of the budget estimates, much higher than 79.6 per cent in the precious corresponding period. 

 

Source: ET


Event date: 
Tuesday, August 1, 2017

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