Fiscal deficit
Centre's fiscal deficit grows 82.7 pc of FY22 target in April 2021-February 2022
New Delhi: The Centre's fiscal deficit grew to 82.7 percent of the FY22 target in April 2021-February 2022, data released on March 31 by the Controller General of Accounts showed.
In the corresponding period last year, the fiscal deficit was 76.0 percent of the full-year target.
February saw a sharp rise in fiscal deficit though the latest government data shows that it is on the right track to achieving its revised fiscal deficit target of 6.9 percent of GDP for FY22.
From April 2021-January 2022, the fiscal deficit stood at 58.9 percent of the full-year target.
In February, this jumped to Rs 3.79 lakh crore which was more than double of what it was in the same period last year.
The huge jump in fiscal deficit in February is owing to the transfers to states, which amounted to Rs 2.42 lakh crore to states as against Rs 95,082 crore in January and Rs 35,281 crore in February 2021.
The government's expenditure in February also grew by 11.0 percent on year at Rs 3.34 lakh crore with capital expenditure at Rs 43,495 crore.
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