Centre's fiscal deficit for April-November period at 58.9% of FY23 target

The Centre’s fiscal deficit for the April-November period of the current fiscal year came in at Rs 9.78 trillion, or 58.9 per cent of the Budget Estimate (BE) of Rs 16.6 trillion, compared with Rs 6.96 trillion or 46.2 per cent for the same period last year.
 

The fiscal deficit widened as a percentage of full-year target year-on-year due to lower tax and non-tax revenue and much higher capital expenditure outlay.
 

In fact, in November, the fiscal deficit widened by Rs 2.2 trillion, the highest ever in any month this financial year.
 

“In April-November FY23, the fiscal deficit widened considerably,