Fiscal deficit target for the year already exceeded

New Delhi: India’s fiscal deficit in the first seven months of the financial year, at ₹6.49 lakh crore has exceeded the budgeted target for the entire year, according to official data released on Friday.

Total receipts, at ₹8.08 lakh crore, were only 44.4% of the budgeted amount for the year. Total expenditure, on the other hand, stood at ₹14.5 lakh crore, which is 59.6% of the budget estimate for the year.

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