For Quick Alerts
For Daily Alerts

Fiscal Deficit For FY20 Widens To 4.59%


For the fiscal year ended March 2020, the fiscal deficit ballooned from the revised target of 3.8% to 4.59% as per the official data released on Friday.

Fiscal Deficit For FY20 Widens To 4.59%

For the month of April, the measure scaled to 35.1% of the targeted Rs. 7.96 lakh crore for FY21 as lower revenues hit amid Covid 19.

Fiscal deficit is the difference in the revenue and expenditure stream. For the month of April, government's revenue stood at Rs. 21,412 crore, which is a massive 70% decline from Rs. 71,637 crore recorded for the same month last year.

In the wake of Covid 19, the FM had cancelled the escape provision in the FRBM Act for pegging the deficit 0.5% higher than budgeted.

Read more about: fiscal deficit
Story first published: Saturday, May 30, 2020, 5:37 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more