Fiscal deficit touches 37% of budget estimates in Apr-Jun
New Delhi: The government's fiscal deficit touched 37 percent of the budget estimates in the first quarter (April-June) of the current financial year, notwithstanding an increase in revenue receipts.
In absolute terms, the fiscal deficit in the April-June period of the current fiscal stood at Rs 1.90 lakh crore, as per the latest data of the Controller General of Accounts (CGA).
For the full 2012-13 fiscal, the government has budgeted the fiscal deficit at Rs 5.13 lakh crore, or 5.1 percent of GDP.
Last fiscal during the same period, the fiscal deficit was 39 percent of the budget estimates amounting Rs 1.63 lakh crore.
Overall, the government was able to increase its revenue receipts.
The revenue receipts in the first three months period stood at Rs 1.18 lakh crore, which was 12.7 percent of the budget estimates.
Total expenditure of the government was Rs 3.12 lakh crore, or 21 percent of the budget estimates.
The revenue deficit was 44 percent of the budget estimates at Rs 1.53 lakh crore and the primary deficit was 67 percent of the budget estimates in the April-June period at Rs 1.30 lakh crore.
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