Live
- Albania joins SEPA, paving way for EU integration
- Japanese government approves 250-billion USD economic package to ease price pain
- Six pharma companies to set up their units in Telangana
- The Unstable Events of a 17-Wicket Day in Perth: India vs Australia
- Dutch FM's Israel trip cancelled after Netanyahu's arrest warrant
- UK to increase energy price cap by 1.2 per cent
- Ethiopia launches national coffee platform to maximise earnings
- Centre completes auction of 3 coal blocks, to yield annual revenue of Rs 2,710 crore
- Ullal Woman Files Complaint Against Husband Over Instant Talaq and Abuse
- Analysis: Russia's Nuclear-Capable Missile Marks Shift from Cold War Deterrence Doctrine
Fiscal deficit at 0.75% of GDP in April
Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 per cent of the budgeted estimate for the year 2019-20
New Delhi: Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 per cent of the budgeted estimate for the year 2019-20, slightly lower than what it was in the same period a year ago and as a percentage to the GDP, the fiscal deficit is at 0.75 per cent, Department of Expenditure (DoE) figures showed.
These are the fiscal situation of the Central government as seen from the accounts for April 2019 of the Controller General of Accounts (CGA).
For 2019-20, the fiscal deficit has been set at 3.4 per cent of the GDP in the interim Budget. Fiscal deficit is Rs 1,57,048 crore -- 22 per cent of budget estimate (BE) (corresponding period for previous year - COPPY 24 per cent).
The receipts are sufficient to cover only 38 per cent of expenditure. As a percentage to GDP, fiscal deficit is 0.75 per cent and revenue deficit is 0.61 per cent, the figures of Review of Accounts of April of the CGA stated.
For April, the total expenditure of the government was Rs 2,54,679 crore or 9 per cent of BE (COPPY 9 per cent), comprising revenue expenditure of Rs 2,24,091 crore -- 9 per cent of BE (COPPY 8 per cent) and capital expenditure of Rs 30,588 crore -- 9 per cent of BE (COPPY 16 per cent).
