BETTER than expected revenue collection has helped the government to narrow its fiscal deficit for the first quarter (April-June) to ₹2.74 lakh crore or 18.2% of the full year’s Budget estimate, giving it the confidence to achieve its fiscal deficit target easily.
According to data released by the Controller General of Accounts (CGA) on Friday, the fiscal deficit was at ₹ 2,74,245 crore by June 30. The Fiscal deficit situation this financial year looks even better than the pre-pandemic levels. in 2019-20, the fiscal deficit till June was ₹4,32,055 crore.
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