Fiscal deficit at 74% of full-year target in July
The Centre’s fiscal deficit, the difference between expenditure and revenue, rose to ₹3.93 lakh crore or nearly 74% of its full-year target in April-July, data released by the government on Wednesday stated. This was against 69.3% of the budget estimates in the year-ago period. Notably, revenue deficit climbed to 93.1% of the budget estimates as the government continued public spending.