Govt has managed revenue deficit better than overall fiscal deficit in FY22

This was despite revenue expenditure accounting for 53.7 per cent of Budget Estimates, while capital expenditure was 45.7 per cent during the first seven months of the current financial year

Revenue deficit has been better managed by the government than the overall fiscal deficit during the first seven months of the current financial year, compared to the corresponding period of the previous financial year.

The Centre's revenue deficit was just 27.5 per cent of Budget Estimates till October of the current financial year, while fiscal deficit was 36.3 per cent of budget estimates. The gap between fiscal and revenue deficit is the excess of capital expenditure over capital receipts.

Revenue deficit is the excess of revenue expenditure over revenue receipts. Revenue expenditure is made for meeting current requirements and does