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Fiscal deficit touched 82.7 pc of full year target at end of February: Govt data
In actual terms, the deficit stood at Rs 13,16,595 crore at the end of February this year, as per the data released by the Controller General of Accounts (CGA). The central government's total receipts stood at Rs 18.27 lakh crore or 83.9 per of the RE of Budget 2021-22. It was 88.2 per cent of the RE of 2020-21 in the corresponding period.
New Delhi: The centre's fiscal deficit stood at 82.7% of the revised estimates at the end of February, on the back of increased expenditure and high transfers to states, according to the official data released Monday.
In February, the Centre transferred ₹2.42 lakh crore to states against ₹95,082 crore in January, 2022 and ₹35,281 crore in February 2021, by far the largest monthly release.
The government had revised the fiscal deficit target to 6.9% of GDP for the current fiscal, in the budget presented on February 1, from the previously budgeted 6.8% of the GDP. In actual terms, the deficit stood at ₹13,16,595 crore at the end of February this year, as per Controller General of Accounts (CGA) data.
The central government's total receipts stood at ₹18.27 lakh crore or 83.9% of the RE of Budget 2021-22. It was 88.2% of the RE of 2020-21 in the corresponding period. The government's total expenditure was at ₹31.43 lakh crore or 83.4% of the current year's RE. It was 81.7 % of RE in the corresponding period last fiscal. Experts said the government is still on track to meet its revised fiscal deficit target of 6.9% of GDP for FY22, despite the dampening effect of ongoing Ukraine crisis.
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