Last Updated: July 29, 2022, 5:29 PM IST
India’s fiscal deficit hit 21.2 per cent of the annual target in the June 2022 quarter, compared with 18.2 per cent in the year-ago period. In actual terms, the fiscal deficit stood at Rs 3.51 lakh crore at the end of the first quarter of 2022-23, according to the official data.
According to the data from the Controller General of Accounts (CGA) released on Friday, during April-June 2022, the Centre’s total expenditure stood at 9.48 lakh crore, which is 24 per cent of the corresponding BE 2022-23. It was at 23.6 per cent in the year-ago period.
The government’s total receipts during the June 2022 quarter was 5.96 lakh crore, or 26.1 per cent of the Budget Estimate (BE) for the financial year 2022-23. It had stood at 27.7 per cent in the corresponding period a year ago.