April-September fiscal deficit at Rs 6.52 trillion, 92.6% of FY20 estimate

Net tax receipts in the first half of the current fiscal year ending in March 2020 were Rs 6.07 trillion, while total expenditure was Rs 14.89 trillion, the data showed

India's fiscal deficit reached nearly 93 per cent of the budget estimate at Rs 6.52 trillion at the end of September in the current financial year, government data showed on Thursday.

In absolute terms, the fiscal deficit or the gap between expenditure and revenue was Rs 6,51,554 crore as on September 30, according to the data released by the Controller General of Accounts (CGA).

The deficit stood at 95.3 per cent of the 2018-19 budget estimate (BE) in the corresponding month a year ago.

The government has pegged the fiscal deficit for the current financial year at Rs 7.03 trillion, aiming to restrict