Fiscal deficit in the first nine months of 2016-17 touched 93.9% of the Budget estimate. The fiscal deficit had stood at 87.9% (2015-2016) in the corresponding nine months a year ago. The fiscal deficit is the gap between expenditure and revenue. According to data released by the Controller General of Accounts, tax revenue was 71.4% of the full-year budget estimate. Total expenditure, Plan and Non-Plan, was 74.3% of the government’s full-year estimate. The revenue deficit during April-December 2016 stood at 100.1% of the budget estimate.
So, let’s discuss some questions related to this post:
Q1. How much the Fiscal Deficit reached from the previous year (2015-2016) which stood at 87.9%?
Source- All India Radio (AIR News)