NEW DELHI :
The government's fiscal deficit touched 52% of the budget estimate for the full year in the first two months of 2019-20.
In absolute terms, the fiscal deficit or gap between expenditure and revenue, was ₹3,66,157 crore, as per the data released by the Controller General of Accounts (CGA).
The fiscal deficit was 55.3% of 2018-19 budget estimate in the year-ago period.
In the Interim Budget passed in February, the government had estimated the fiscal deficit at ₹7.03 lakh crore for 2019-20.
The government aims to restrict the fiscal deficit at 3.4% of the GDP during the current fiscal, same as the last financial year.
The CGA data showed that revenue receipts of the government during April-May, 2019-20 was 7.3% of the Budget Estimate (BE). In the year-ago period also, the revenue receipts were at similar level.
However, the capital expenditure was only 14.2 % of the BE as compared to 21.3% in the year-ago period.
Total expenditure during April-May period stood at ₹5.12 lakh crore or 18.4 % of BE. It was 19.4% of BE in the corresponding period of the last fiscal.