Centre's fiscal deficit touches 35% of annual target at H1-end

The deficit figures in the current fiscal appear much better than the previous financial year when it had soared to 114.8 per cent of the estimates mainly on account of a jump in expenditure to deal with the COVID-19 pandemic. In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 5,26,851 crore at end of August, the CGA said.

from Economy-News-Economic Times https://ift.tt/3bpAY8J