India's April-January Fiscal Deficit Came In At $124.6 Bn

The government data on Monday revealed that the country's fiscal deficit between April-January surged to Rs 9.38 trillion or $124.6 billion. During the period, the net tax receipts were at Rs. 15.47 trillion, while expenses stood at Rs. 28.09 trillion.

India's April-January Fiscal Deficit Came In At $124.6 Bn

As per the official data, the fiscal deficit of the centre at January end has been computed at 58.9% of the annual budget target for 2021-22.

In the same period of the previous fiscal, fiscal deficit stood at 66.8% of Revised Estimate of 2020-21. In actual terms, the deficit was Rs. 9,37,868 crore at end-January 2022 against upwardly revised annual estimate of Rs 15.91 lakh crore, according to the data released by the Controller General of Accounts (CGA).

The country's fiscal deficit i.e. the difference between total revenue and total expenses of the government is estimated to be more at 6.9% for the FY ending March 2022 as against 6.8% estimated earlier. For 2021-22, the total receipts of the government at January end were 18.71 lakh or 85.9% of the Revised estimate.

The data further stated that the centre's total expenditure at end January stood at Rs. 28.09 lakh crore or 74.5 per cent of this year's RE. It was 73 per cent of RE in the corresponding period.

(With inputs from PTI)