Fiscal deficit reaches 92.4% of full-year target in July at Rs 5.05 lakh cr

Net tax receipts in the first four months of 2017/18 fiscal year were Rs 2.58 lakh crore

Country's fiscal deficit at July- end touched 92.4% of the budget mainly because of front loading of expenditure by various government departments.

In absolute terms, the fiscal defict - difference between expenditure and revenue - was Rs 5.04 lakh crore during April- July, 2017-18, according to the data of Controller General of Accounts (CGA).

During the same period of last financial year, 2016-17, it was 73.7% of the target.

For 2017-18, the government aims to bring down the fiscal deficit to 3.2% of the GDP. Last fiscal, it had met the deficit target of 3.5% of the GDP.

The government