fiscal deficit for the first half of this fiscal year through September stood at 4.75 lakh crore rupees, or 29.4% of annual estimates, government data showed today.
The fiscal deficit widened from 39.3% reported in the comparable year-earlier period.
Total receipts stood at 16.37 lakh crore rupees, while overall expenditure in April to September was at 21.11 lakh crore rupees. They were 51% and 43.8% of this fiscal year's budget target.
Total receipts in the year-earlier period was at 52.2% of estimate, while expenditure narrowed from 49% a year earlier.
While announcing the federal budget for this fiscal year that started April 1, Finance Minister Nirmala Sitharaman revised the fiscal gap aim down to 4.9%, well below the 5.1% budget gap pegged in the Interim budget. Sitharaman also pegged the fiscal deficit target at 5.1% for the next fiscal year.
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