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Fiscal gap shrinks

New Delhi, Oct. 31 (PTI): In a rare feat, the Centre has managed to bring down fiscal deficit marginally to Rs 83,843 crore during the first six months of this financial year from Rs 86,328 crore till August. The fiscal deficit till September was 55.5 per cent of the budgeted Rs 1,51,144 crore for the entire 2005-06.

The Centre also reined in revenue deficit to Rs 65,097 crore during April-September 2005-06 mainly due to a robust growth in tax collection while the government controlled its spendings, according to the figures collated by the controller general of accounts.

However, the fiscal deficit at Rs 83,843 crore during the first half of 2005-06 was much higher than Rs 53,235 crore during the same period last fiscal.

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