Fiscal Deficit at 83% of Budget Estimate in Q1 of FY21
20-Apr-2022The fiscal deficit for Q1 FY2021 stood at a substantial 83.2% of the budget estimate (BE) for the full year. Revenue receipts were 7.4% of the target set for the current financial year against 14.5% achieved in the same period last year. The government’s net tax revenue in the April-June period was Rs. 2.69 lakh crore against Rs. 4 lakh crore collected a year ago.