Fiscal deficit at 24.7% of budget target

Written by Agencies | New Delhi, May 30: | Updated: Jun 1 2008, 07:42am hrs
Fiscal deficit has touched Rs 32,939 crore for April, constituting 24.7 per cent of the target for the financial year.

The budget target for this fiscal is Rs 1,33,287 crore.

Fiscal deficit during the same month last year was 18.4 per cent of that years budget estimate.

Total government expenditure stood at Rs 46,333 crore while receipts were Rs 13,394 crore at the end of April, according to data released by Controller General of Accounts.

Revenue deficit stood at Rs 30,482 crore or 55.2 per cent of the budget estimates as against 36.3 per cent, it said.