The government’s fiscal deficit touched 132.4 for each cent of the whole-year target at December-conclusion mainly due to slower rate of income collections, official facts confirmed on Friday.
In true phrases, the fiscal deficit or gap involving expenditure and income was Rs nine,31,725 crore, the facts produced by the Controller Common of Accounts (CGA) confirmed.
The federal government aims to restrict the gap at 3.3 for each cent of the GDP or Rs 7,03,760 crore in the year ending March 2020.
The deficit was 112.4 for each cent of 2018-19 Finances Estimate (BE) in the corresponding interval.
In accordance to