New Delhi: Reflecting tight financial position of the Central government, its fiscal deficit has touched Rs5.25 lakh crore as of November-end, which is almost 99 per cent of the full year target of Rs 5.31 lakh crore. As per the data released by Controller General of Accounts on Wednesday, the fiscal deficit during April-November period was 98.9 per cent of the 2014-15 estimate, mainly because of subdued revenue realisation.
The government has committed itself in restricting the fiscal deficit at 4.1 per cent of the GDP during the current financial year, the lowest in seven years, and has taken several steps towards it.
The fiscal deficit — the gap between government expenditure and revenue during the same period last year was 93.9 per cent of that year’s target. The data revealed that government’s net tax revenue collection till November end was Rs4.13 lakh crore or 42.3 per cent of the Rs 9.77 lakh crore estimated for the whole year. The tax mop-up was slightly higher (44.8 per cent) during the same period last year. Total receipts (from revenue and non-debt capital) during the eight months was Rs5.49 lakh crore, 43.4 per cent of the target, lower than 45.6 per cent collected in yearago period 2014-15.
