Fiscal deficit at 81% of budget estimates in Q1

Fiscal deficit in the first quarter of the current fiscal was Rs 4.42 lakh crore or 80.8 per cent of Budget Estimates for 2017-18, much higher than in the year-ago period.

The fiscal deficit situation during April-June of the last fiscal was 61.1 per cent.

The government aims to restrict the deficit to 3.2 per cent of GDP in the current fiscal as against 3.5 per cent in 2016-17. In absolute terms, 3.2 per cent deficit for the current fiscal works out to Rs 5,46,532 crore.

As per the data released by the Controller General of Accounts, tax revenue was Rs 1,77,337 crore