Central Revenue Now Exceeds Spending

Central government expenditure rose 9.5 per cent year- on-year in October to ` 1.8 lakh crore in comparison to robust 46.7 per cent increase in non- debt receipts. It was the first rise in two months

This helped government keep gross fiscal deficit (GFD) at ` 39,160 crore in October as compared with ` 79,000 crore monthly average for April- October

Capital spending more than doubled to ` 31,520 crore from ` 13,760 crore in October 2019