INSUBCONTINENT EXCLUSIVE:
Government's fiscal deficit till January-end stood at 58.9 per cent of annual budget targetNEW DELHI: Government's fiscal deficit till
January-end stood at 58.9 per cent of the annual budget target for 2021-22, according to official data released on Monday.The fiscal deficit
was 66.8 per cent of revised estimate (RE) of 2020-21 during the corresponding period of last fiscal.The deficit in actual terms was Rs
9,37,868 crore at end-January 2022 against upwardly revised annual estimate of Rs 15.91 lakh crore, according to the data released by the
Controller General of Accounts (CGA).Country's fiscal deficit - the difference between total revenue and total expenditure of the
government - is projected to be higher at 6.9 per cent this fiscal ending March 2022 as against 6.8 per cent estimated earlier.The total
The collection was about 80 per cent of the RE of 2020-21 in the corresponding period last fiscal.The tax (net) revenue so far were at 87.7
per cent of the RE of 2021-22
It was 82 per cent of RE 2020-21 in the corresponding period of last fiscal
In actual terms, the net tax revenue stood at Rs 15.47 lakh crore during April-January 2021-22.
