The Central Government’s fiscal deficit stood at Rs 2.74 lakh crore or 18.2 per cent of the full year’s Budget estimate at the end of June, according to data released by the Controller General of Accounts (CGA) on Friday.
The fiscal deficit at the end of June 2020 was 83.2 per cent 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 per cent of GDP or Rs 15,06,812 crore.
The fiscal deficit or the gap between expenditure and revenue for 2020-21 was 9.3 per cent of the Gross Domestic Product (GDP), better than 9.5 per cent projected in the revised estimates in the Budget in February.
