According to figures released by the Controller General of Accounts (CGA), the deficit in the April-June period was 61.1 per cent of the Budget in the same period of last fiscal year.
The 2017-18 deficit -- the difference between revenue and expenditure -- has been pegged at Rs 5.46 lakh crore, as compared to the deficit of Rs 5.34 lakh crore for the last fiscal.
As per the CGA data, tax revenue during the period under review was Rs 1.77 lakh crore, or 14.5 per cent of the estimates, while total receipts, from revenue and non-debt capital, during the fiscal's first three months, were Rs 2.09 lakh crore, or 13.1 per cent of the estimates for the current year.
Total expenditure during the April-June period was Rs 6.51 lakh crore, or 30.3 per cent of the entire fiscal's estimate. The revenue deficit during the period under review was over Rs 3.83 lakh crore, or 119.1 per cent, of the estimates.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
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