Apr-Jun fiscal deficit at 61% of full-yr target
India's fiscal deficit for the quarter ended June stood at ₹3.26 lakh crore, 61% of the full-year target, according to data released by the Controller General of Accounts. In comparison, the figure was 51.6% in the previous financial year. The increase in fiscal deficit was attributed to higher revenue expenditure on account of front-loading of subsidy payments.