Fiscal deficit touches 45 pc of full-year target in October

New Delhi:┬áThe government’s fiscal deficit at the end of October stood at Rs 8.03 lakh crore or 45 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Thursday.

In actual terms, the fiscal deficit — the difference between expenditure and revenue — was at Rs 8.03 lakh crore during the April-October period of 2023-24.

In the corresponding period last year, the deficit was at 45.6 per cent of the budget estimates of 2022-23.

For 2023-24, the fiscal deficit of the government is estimated to be Rs 17.86 lakh crore or 5.9 per cent of the GDP.