According to data released by the Controller General of Accounts (CGA) on Friday, the central government's fiscal deficit touched at Rs 2.74 lakh crore or 18.2 percent of the full year's Budget estimate at the end of June.
Notably, the fiscal deficit at the end of June 2020 was 83.2 percent of the Budget Estimates (BE) of 2020-21. In absolute terms, the fiscal deficit was at Rs 2,74,245 crore at the end of June. For the current financial year, the government expects the fiscal deficit at 6.8 percent of GDP or Rs 15,06,812 crore. The fiscal deficit or the gap between expenditure and revenue for 2020-21 was 9.3 percent of the Gross Domestic Product (GDP), better than 9.5 percent projected in the revised estimates in the Budget in February.
As per CGA data, the government received Rs 5.47 lakh crore (27.7 percent of corresponding BE 2021- 22 of total receipts) up to June 2021. The amount comprises Rs 4.12 lakh crore of tax revenues, Rs 1.27 lakh crore of non-tax revenues and Rs 7,402 crore of non-debt capital receipts. The receipts were 6.8 percent of BE at the end of June 2020. Non-debt capital receipts consist of recovery of loans worth Rs 3,406 crore and disinvestment proceeds of Rs 3,996 crore.
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