New Delhi: The fiscal deficit of the Indian government touched 59% of the full year budget estimate at the end of November. Data released by the Controller General of Accounts (CGA) revealed this. Fiscal deficit is the difference between revenue and expenditure.
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The fiscal deficit was at Rs 9,78,154 crore during the April-November period of 2022-23. In April-November period of 2021-22 fiscal year, the fiscal deficit was 46.2% of the budget estimates. For 2022-23, the fiscal deficit of the government is estimated to be Rs 16.61 lakh crore or 6.4% of the GDP (gross domestic product). It was at 6.7% in the previous fiscal year.
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