India’s April-January fiscal deficit at 113.7% of full year's target
Official data released by the Comptroller General of Accounts (CGA) today showed that during April-January, the capital expenditure during the period stood at Rs 2.64 lakh crore.
India’s fiscal deficit for April-January period of the current fiscal 2017-18 stood at Rs 6.77 lakh crore -- 113.7 per cent of the full year's target.
Official data released by the Comptroller General of Accounts (CGA) today showed that during April-January, the capital expenditure during the period stood at Rs 2.64 lakh crore.
The revenue deficit during the period was at 4.8 lakh crore.
The government had outlined a fiscal deficit target of 3.3 per cent of GDP in 2018-19. However, it was later revised to 3.5 per cent.
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