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BUSINESS Trending Topics : #IPL2020 #Cricket Coronavirus #Coviddata 10/1/2020 At Rs 40,072 Crore, Govt's External Financing Jumps 5-times Till August: Report CHANGE LANGUAGE English WATCH LIVE TV DOWNLOAD NEWS18 APP FOLLOW US ON BUSINESS Trending Topics : #IPL2020 #Cricket Coronavirus #CovidData HOME CORONAVIRUS POLITICS INDIA ENTERTAINMENT TECH AUTO BUZZ VIDEOS PHOTOS HEALTH TRACKER Latest IPL 2020 Movies Bihar Elecons Lifestyle Gossip #RestartRight Vaccine Tracker NEWS18 » BUSINESS 2-MIN READ At Rs 40,072 Crore, Govt's External Financing Jumps 5- mes Till August: Report Keep projects moving — According to data released by the Controller General of Accounts earlier on Wednesday, fiscal deficit during even from April-August stood at 109.3 per cent of the annual home. target. Create, edit, sign, and share PTI PDFs in Google Drive and LAST UPDATED: SEPTEMBER 30, 2020, 10:56 PM IST Microsoft apps, and on any FOLLOW US ON: Facebook Twier Instagram device. Telegram Google News Get started A file photo of the ministry of finance, New Delhi. xternal nancing of the government has jumped nearly ve times over the previous year's gure at Rs 40,072 crore during the rst ve months of the current scal, according to an analysis of the scal decit E numbers by Care Ratings. At Rs 40,072 crore, the external nancing of government debt is a whopping 867 per cent of the budget estimate for the full year, the agency said. This is around 5 per cent of the total borrowings as 95 per cent of decit nancing is met through domestic sources, mainly market borrowings, it added. LIVE TV https://www.news18.com/news/business/at-rs-40072-crore-govts-external-financing-jumps-5-times-till-august-report-2923055.html 1/4 10/1/2020 At Rs 40,072 Crore, Govt's External Financing Jumps 5-times Till August: Report According to data released by the Controller General of Accounts earlier on Wednesday, scal decit during April- August stood at 109.3 per cent of the annual target. This was 57 per cent higher than the corresponding period last year. In absolute terms, scal decit — which is the gap between expenditure and revenue — stood at Rs 8,70,347 crore. The government had pegged scal decit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the budget in February. 3 Adversement: 0:18 Amazon Promoted Later, following the COVID-19 outbreak, the government had increased its market borrowing to Rs 12 lakh crore, SOLETHREADS which is also likely to overshoot and analysts peg scal decit for the full year at over 9 per cent of GDP. Despite Women's Flip- the massive spike in scal decit and market borrowing, capital expenditure has declined by 1.3 per cent during Flop the reporting period. In view of widening scal decit, government has increased market borrowings to Rs 9.7 lakh crore, which is 141 per cent higher than the same period last year, as well as external nancing, which is a little Know More over ve times than last year, Care Ratings said. Total receipts, which are 16 per cent of budget estimate, have fallen by 39 per cent during April-August compared with the corresponding period last year. Of this, revenue receipts, which are 18 per cent of the budget estimate, have declined by nearly 39 per cent, it said. Disinvestment proceeds have been quite lackluster at a paltry Rs 28.74 crore as against the budgeted Rs 2.1 lakh crore. Total expenditure has increased 6.2 per cent, led by increase in revenue expenditure, which accounted for RECOMMENDED FOR YOU 89 per cent of the expenditure and grew 7 per cent year-on-year. Capital expenditure declined by 1.3 per cent from Football Transfer News last year. Compared to budget estimates, only 33 per cent of the capex has been undertaken, lower than 40 per Live Updates: FC Goa Sign cent of budget estimate last year, it said. Local Talent, Manchester United Focus on Ousmane Dembele Tax revenue declined by 29.7 per cent from Rs 4,04,580 crore to Rs 2,84,495 crore. Of this, income tax fell 28.9 per cent from Rs 1,65,500 crore to Rs 1,17,738 crore, corporate tax plunged 41.8 per cent to Rs 64,715 crore from Rs Apple Launches iOS 14.2 1,11,166 crore, custom duties declined 47.9 per cent to Rs 32,302 crore from Rs 62,031 crore, CGST fell 40.2 per Public Beta With 100+ New Emojis cent to 1,25,308 crore and GST compensation cess declined 28.9 per cent to Rs 28,154 crore. The only revenue head that grew was excise duties, which jumped 32 per cent from Rs 76,032 crore to Rs 1,00,398 crore. Non-tax Farhan Akhtar Slams revenue fell to Rs 86,147 crore, down by 56.6 per cent or Rs 1,98,621 crore. Even interest receipts declined by 18.9 Report Claiming He's per cent to Rs 4,070 crore and dividends and prots plunged 60.2 per cent to Rs 59,578 crore. Total revenue Employed Late Sushant receipts declined 38.6 per cent to Rs 3,70,642 crore from Rs 6,03,201 crore. Singh Rajput's Cook PewDiePie Posted a Body TAGS: CARE RATINGS CONTROLLER GENERAL OF ACCOUNTS FISCAL DEFICIT GDP Transformaon Pic on Instagram and Everyone FIRST PUBLISHED: SEPTEMBER 30, 2020, 10:56 PM IST Had the Same Response I-League Qualifiers: Players from FC Bengaluru United and Bhawanipore FC Test Next Story https://www.news18.com/news/business/at-rs-40072-crore-govts-external-financing-jumps-5-times-till-august-report-2923055.html 2/4.
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