Fiscal deficit for April-November likely stood at 107% of FY20 target

For the deficit to be 3.3 per cent of GDP, it assumes a nominal GDP growth of 12 per cent in FY20

The Centre’s fiscal deficit for April-November likely stood at 107 per cent of the fiscal year 2019-20 target of Rs 7.04 trillion, said senior government sources. This compares to 114.8 per cent for April-November, 2018-19, and 102.4 per cent till the end of October this year.

The April-November fiscal deficit data will be officially released on December 31.

“At end-November, fiscal deficit is at 107 per cent of the full-year target,” said an official. In absolute terms, that comes to around Rs 7.53 trillion.

This means that for the remaining four months of the fiscal year, the Centre has to initiate a heavy