It is the difference between the Non-debt Capital Receipts (NDCR) plus Revenue Receipts and the total expenditure. In simple, it is the difference between the total income of the government (Revenue Receipts plus Non-debt Capital Receipts (NDCR)) to its total expenditure. The Centre’s fiscal deficit widened to over Rs 9.5 lakh crore at the end of October – almost 120% of the annual target estimate.
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