Fiscal deficit hits 25% budget estimate in April
Fiscal deficit for April stood at ₹1,37,326 lakh crore, or 25.7% of the Budgeted target of ₹5,33,904 crore for 2016-17 fiscal year, amid low revenue mobilisation. The deficit in April last fiscal was 23% of the Budget estimate. The government has set a fiscal deficit target of 3.5% in 2016-17. Fiscal deficit is the difference between expenditure and revenue.\n