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HomeBusinessIndia's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here

India’s April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here

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Edited By: Mohammad Haris

Last Updated: December 30, 2022, 16:41 IST

The government's total receipts stood at Rs 14,64,633 crore in the current financial year 2022-23 till November. (Photo: Reuters)

The government’s total receipts stood at Rs 14,64,633 crore in the current financial year 2022-23 till November. (Photo: Reuters)

The Centre’s total expenditure during the current fiscal till November stands at Rs 24,42,787 crore, which is 61.9 per cent of the FY23 BE of Rs 39,44,909 crore

India’s fiscal deficit during April-November 2022 stood at Rs 9.78 lakh crore, or 58.9 per cent of the full-financial year target, according to the latest official data released on Friday. In the corresponding period last year, the deficit had stood at 46.2 per cent of the full-FY22 target.

The fiscal deficit is the difference between expenditure and revenue of the government.

According to the latest data from the Controller General of Accounts (CGA), the Centre’s total expenditure during April-November 2022 stood at Rs 24,42,787 crore, which is 61.9 per cent of the FY23 Budget Estimate of Rs 39,44,909 crore.

The government’s total receipts stood at Rs 14,64,633 crore in the current financial year 2022-23 till November. It is 64.1 per cent of the full financial year target of Rs 22,83,713 crore.

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