Centre's fiscal deficit touches 59 pc of full-year target in Nov end

New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.

IBNS • 30 Dec 2022, 09:00 pm

Centre's fiscal deficit touches 59 pc of full-year target in Nov end

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Fiscal deficit, defined as the difference between expenditure and revenue, stood at Rs 9,78,154 crore during the April-November period of 2022-23.

During the same period in 2021-22, the deficit stood at 46.2 percent of the budget estimates for 2021-22.

According to experts, India’s nominal GDP is expected to overshoot in FY23 by approximately $22 lakh crore, and fiscal deficit as a percentage of GDP will be either lower than Budget estimates of 6.4 percent or slightly above it.