Fiscal deficit in April-Sept at 68 per cent

Fiscal deficit reached Rs 2.80 lakh crore or nearly 68 per cent in April-September of its full year target, finance ministry’s report on public debt management has said.

The revenue deficit reached Rs 2.21 lakh crore or 72 per cent of Rs 3.07 lakh crore in the period under review.

Gross tax collections during the period were at 39.6 per cent of budget estimates. These were 43.4 per cent lower than that recorded in the year ago period.

A weak marker sentiment has also come in the way of government’s targeted earnings of Rs 40,000 crore on account of share sales in public sector units. The government has been able to garner on Rs 11,000 crore till now through this route.

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