Monday, March 17, 2025 | 08:53 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Low tax revenue, high spend push H1 fiscal deficit to 93% of FY20 target

Though the figure seemed alarming, it was bit lower than 95.3 per cent in the corresponding period of 2018-19

fiscal deficit, fiscal, budget target, fiscal target, fiscal
Premium

Tax receipts totaled Rs 6.07 trillion in April-September in FY20, which was 36.8 per cent of BE

Indivjal Dhasmana New Delhi
The Centre’s fiscal deficit touched 92.6 per cent of the Budget Estimate (BE) in the first half of 2019-20, as tax revenues did not keep pace with the target and expenditure could not be compressed much.

Though the figure seemed alarming, it was bit lower than 95.3 per cent in the corresponding period of 2018-19. But then, there was fiscal slippage in FY19 when the fiscal deficit rose to 3.4 per cent of the country’s gross domestic product (GDP) against the target of 3.3 per cent.

From that perspective, the Centre may still rein in the deficit at the targeted level of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in