SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up
  1. Home
  2. Stock Market News
  3. Fiscal deficit touches 114.8% of annual target at September-end

Fiscal deficit touches 114.8% of annual target at September-end

30 Oct 2020 Evaluate

With poor revenue realization, the government's fiscal deficit rose to Rs 9.14 lakh crore, about 114.8 per cent of the annual budget estimate, during the first six months of the current financial year. The revenue realisation during the current fiscal suffered on account of the lockdown imposed by the government to check the spread of coronavirus pandemic. the Controller General of Accounts’ (CGA) latest data showed that in absolute terms, the deficit was Rs 9,13,993 crore. The deficit at the end of the first six months of the previous financial year was 92.6 per cent of the annual target. The fiscal deficit or gap between the expenditure and revenue had breached the annual target in July this year.

The CGA data said the government received Rs 5,65,417 crore (25.18 per cent of BE 2020-21 of total receipts) up to September. The receipts were 40.2 per cent of the target a year ago. Of the total receipts, Rs 4,58,508 crore was tax revenue (Net to Centre), Rs 92,274 crore was non-tax revenue and Rs 14,635 crore non-debt capital receipts. Non-debt capital receipts consists of recovery of loans (Rs 8,854 crore) and disinvestment proceeds (Rs 5,781 crore). The finance ministry said Rs 2,59,941 crore has been transferred to state governments as devolution of share of taxes by Government of India up to this period, which is Rs 51,277 crore lower than the previous year.

As per the CGA data, the total expenditure incurred by the government was Rs 14,79,410 crore (48.63 per cent of BE 2020-21), out of which Rs 13,13,574 crore was on revenue account and Rs 1,65,836 crore on capital account. Out of the total revenue expenditure, Rs 3,05,652 crore was on account of interest payments and Rs 1,56,210 crore towards major subsidies. During the same period of the last fiscal, the total expenditure was 53.4 per cent of the annual target. The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the Budget, presented by Finance Minister Nirmala Sitharaman in February.

Register Now to get our Free Newsletter & much more!
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: