India's fiscal deficit soars to Rs 11.6 trillion at December end

Union government's fiscal deficit soared to Rs 11.58 trillion or 145.5 per cent of the Budget Estimate (BE) at the end of December, as revenue realisation was hit by disruptions in normal business activities. According to the data released by the Controller General of Accounts (CGA), the fiscal deficit at the end of December in the previous fiscal year was 132.4 per cent of the BE of 2019-20. 

In absolute terms, the fiscal deficit stood at Rs 11,58,469 crore at December-end. For the current fiscal year, the government had pegged the fiscal deficit at Rs 7.96 trillion or 3.5 per cent