Fiscal deficit reaches 94% of the budget estimate

Fiscal deficit in the first nine months of 2016-17 touched 93(point)9 per cent of the Budget estimate. The fiscal deficit had stood at 87(point)9 per cent in the corresponding nine months a year ago.The fiscal deficit is the gap between expenditure and revenue. According to data released by the Controller General of



Accounts, tax revenue was 71(point)4 per cent of the full-year budget estimate. 

Total expenditure, Plan and Non-Plan, was 74(point)3 per cent of the government's full-year estimate. The revenue deficit during April-December 2016 stood at 100(point)1 per cent of the budget estimate.