Economy

Fiscal deficit soars to ₹12.34 lakh cr.

The Central government’s fiscal deficit soared to ₹12.34 lakh crore, or 66.8% of the revised Budget estimates at the end of January of the current fiscal.

The fiscal deficit at the end of January in the previous financial year was 128.5% of the Revised Estimates (RE).

In the current fiscal ending March 31, the fiscal deficit is likely to touch ₹18.48 lakh crore, or 9.5% of the GDP. In absolute terms, the fiscal deficit stood at ₹12,34,004 crore at the end of January 2021, as per the data released by the Controller General of Accounts (CGA).

This article is closed for comments.
Please Email the Editor

Printable version | Apr 16, 2021 5:49:14 AM | https://www.thehindu.com/business/Economy/fiscal-deficit-soars-to-1234-lakh-cr/article33944781.ece

Next Story