India's fiscal deficit for April-Feb hits 76% of revised estimates

The Centre’s fiscal deficit touched Rs 14.1 trillion in the first 11 months of FY21 — 76 per cent of the 2020-21 revised estimates of Rs 18.5 trillion and 36 per cent higher than last year’s corresponding level of Rs 10.4 trillion.

The government expects to earn revenues of Rs 1.85 trillion in March 2021, 40 per cent lower than what it earned in the year-ago period.

It intends to spend a massive Rs 5.9 trillion as revenue expenditure, and close to Rs 33,000 crore as capital expenditure this month against Rs 1.9 trillion of revenue spending and Rs 30,000 crore of