Fiscal deficit in April-July at 17.2% of full-year target: CGA

In absolute terms, the fiscal deficit was Rs 2,76,945 crore as of July-end, according to data released by the Controller General of Accounts

The Centre's fiscal deficit at the end of the first four months of the current fiscal touched 17.2 per cent of the full-year target, government data showed on Friday.

In absolute terms, the fiscal deficit the gap between expenditure and revenue was Rs 2,76,945 crore as of Julyend, according to data released by the Controller General of Accounts (CGA).

The deficit stood at 33.9 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.

In the Union Budget, the government projected to bring down the fiscal deficit to 4.9 per cent of the gross domestic product (GDP) in the current 2024-25 financial year. The deficit was 5.6 per cent of the GDP in 2023-24.