Fiscal deficit touches 91.3% of FY18 target in 6 months

October 31, 2017 16:53

India's fiscal deficit at the end of the first half of the current fiscal touched 91.3 per cent of the budget estimate, mainly due to rise in expenditure. In absolute terms, the fiscal deficit -- difference between expenditure and revenue -- was Rs 4.99 lakh crore during the April-September period of 2017-18, according to the data of Controller General of Accounts (CGA).

During the same period of last financial year, 2016-17, the deficit was at 83.9 per cent of the target. For 2017-18, the government aims to bring down the fiscal deficit to 3.2 per cent of the GDP. Last fiscal, it had met the 3.5 per cent target. -- PTI

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