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Apr-Sept fiscal deficit reaches 68.1% of FY16 estimate

The central government has notched up a fiscal deficit of Rs 3.78 lakh crore, or 68.1 percent of its full year 2015-16 target, during the first six months (April-September) of the fiscal year, data released today showed.

The central government has notched up a fiscal deficit of Rs 3.78 lakh crore, or 68.1 percent of its full year 2015-16 target, during the first six months (April-September) of the fiscal year, data released today showed.

By September, the government has received revenue of Rs 5.13 lakh crore (45 percent of FY16 estimate) while total spending stood at Rs 9.11 lakh crore (51.2 percent).

Of the total spend, plan spend stood at Rs 2.54 lakh crore while non plan spend is at Rs 6.57 lakh crore. Plan spend is one that comprises of spending on government schemes and infrastructure investment, etc, while non-plan spend is made up of subsidies, salaries and defence spend among others.

Of the total revenues, the government has received Rs 1.44 lakh crore through non-tax sources.

The government’s revenues have perked up of late, even as a significant portion of tax revenues come in during the fourth quarter.

“The numbers are comfortable,” said SBI chief economist Soumya Kanti-Ghosh, adding that there may have been some slowdown in spending recently, which could have made the deficit look a little better compared to previous years.

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