September 2018 fiscal deficit stands at 95.3 % of actuals to BEs

The gross fiscal deficit of the Central government stands at 95.3% of the actuals to budget estimates (BEs) at the end of September 2018 as compared to 91.3% of the actuals to budget estimates in the corresponding period of the previous year. The primary deficit was registered at 699.9% of the actuals to budget estimates at the end of September 2018 as compared to 1164.7% of the actuals to budget estimates during corresponding period of the previous year. Differentials in use of fiscal deficit space at the end of September 2018 vis-à-vis September 2017 (in%)           Source: PHD Research Bureau, compiled from Government of India accounts, Government of India Note: The Fiscal deficit data pertains to the end of the respective month * indicates data at the end of respective financial year and are % of actuals to revised estimates          The revenue receipts at the end of September 2018 of the central government stands at 40.1% of the actuals to budget estimates as compared with 41.1% of the actuals to budget estimates at the end of September 2017. Fiscal position for September 2018 vis-à-vis September 2017 Month % of Actuals to Budget EstimatesFY2019* % of Actuals to Budget EstimatesFY2018* % of Actuals to Budget Estimates FY2017* % of Actuals to Budget Estimates FY2016* April 24.3 37.6 25.7 23 May 55.3 68.3 42.9 37.5 June 68.7 80.8 61.1 51.6 July 86.5 92.4 73.7 69.3 August 94.7 96.1 76.4 66.5 September 95.3 91.3 83.9 68.1 October 96.1 79.3 74 November 112 85.8 87 December 113.6 93.9 87.9 January 113.7 105.7 95.8 February 120.23 113.4 107.1 March 99.5 100.1 99.5                                  Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India  Note: * Data pertains to the end of the respective month. *indicates data at the end of respective financial year and are % of actuals to revised estimates The government’s market borrowing stands at 86% of the actuals to budget estimates at the end of September 2018 as compared with 109% of the actuals to budget estimates at the end of September 2017. The domestic financing stands at 96% of the actuals to budget estimates at the end of September 2018 as compared to 93% of the actuals to budget estimates at the end of September 2017. The external financing of the government stands at 281% of the actuals to budget estimates at the end of September 2018 as against 34% of the actuals to budget estimates at the end of September 2017. The total financing of the central government stands at 95% of the actuals to budget estimates at the end of September 2018 as against 91% of the actuals to budget estimates at the end of September 2017. Sources of financing the deficit                                                                     (%)                              Source: PHD Research Bureau, compiled from Union Government Accounts