GET Stock QuotesNews18 APP
News18 English

SPONSORS

Powered by cricketnext logo
»
1-min read

Govt Meets 3.5 Percent Fiscal Deficit Target in 2016-17

The government on Wednesday said it has achieved the fiscal deficit target of 3.5 percent of GDP in 2016-17.

PTI

Updated:May 31, 2017, 10:03 PM IST
facebookTwittergoogleskypewhatsapp
Govt Meets 3.5 Percent Fiscal Deficit Target in 2016-17
Representative Image. (Photo: Reuters)

New Delhi: The government on Wednesday said it has achieved the fiscal deficit target of 3.5 percent of GDP in 2016-17.

"Fiscal deficit is 3.51 percent of GDP or Rs 5.35 lakh crore in 2016-17," the Controller General of Accounts (CGA) said while releasing the provisional accounts for the last financial year.

For 2017-18, the government aims to further bring down the fiscal deficit -- the gap between expenditure and revenue -- to 3.2 percent.

The CGA further said that revenue deficit during the last fiscal was 2.02 percent of GDP.

As per the provisional data, the fiscal deficit in April 2017 was Rs 2.05 lakh crore, which is 37.6 percent of the Budget estimate, as against 25.7 percent in the year-ago period.

Total expenditure of the government in April was Rs 2.42 lakh crore, or 11.3 per cent of the full-year estimate. Revenue collection was Rs 35,081 crore, or 2.3 percent, of the estimate.

Total receipts of the government -- from revenue and non-debt capital -- in April stood at Rs 36,529 crore. The revenue deficit during the month was Rs 1,78,383 crore, or 55.4 percent, it said.

Revenue deficit refers to the shortfall in total government revenue realisation from the targeted figure.

ALSO READ: Arun Jaitley retains fiscal deficit target at 4.1 pc, outlines road map

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Infosys 1,186.70 +9.60 +0.82
SBI 328.25 +10.15 +3.19
Bharti Airtel 463.35 -28.75 -5.84
United Spirits 3,484.60 -266.00 -7.09
PNB 192.75 +6.95 +3.74
Company Price Change %Gain
HDFC 1,907.10 +25.35 +1.35
Piramal Enter 2,803.00 -34.35 -1.21
Bharti Airtel 463.35 -27.55 -5.61
Bajaj Finance 1,738.05 +31.05 +1.82
SBI 327.75 +9.75 +3.07
Top Gainers
Company Price Change %Gain
SBI 328.25 +10.15 +3.19
GAIL 485.85 +15.05 +3.20
Tech Mahindra 603.15 +14.90 +2.53
HCL Tech 1,019.90 +24.55 +2.47
TCS 3,175.80 +73.80 +2.38
Company Price Change %Gain
SBI 327.85 +9.85 +3.10
Adani Ports 447.40 +9.95 +2.27
TCS 3,176.40 +73.30 +2.36
ITC 281.40 +5.10 +1.85
ONGC 210.75 +3.60 +1.74
Top Losers
Company Price Change %Gain
Bharti Airtel 463.35 -28.75 -5.84
Tata Motors 404.25 -13.75 -3.29
ICICI Bank 352.75 -9.55 -2.64
Hindalco 259.15 -5.80 -2.19
HPCL 387.90 -8.00 -2.02
Company Price Change %Gain
Bharti Airtel 463.15 -27.75 -5.65
Tata Motors 404.00 -14.05 -3.36
Tata Motors (D) 231.15 -7.00 -2.94
ICICI Bank 352.75 -9.30 -2.57
Tata Steel 765.35 -14.70 -1.88

Live TV