India's fiscal deficit touches 21.2% of annual target in Q1: Govt data

In actual terms, the fiscal deficit was at Rs 3.51 trn at the end of the first quarter of 2022-23, data from the Controller General of Accounts showed

The central government's fiscal deficit touched 21.2 per cent of the annual target in the June quarter as against 18.2 per cent in the year-ago period, according to official data.

The fiscal deficit is the difference between total expenditure and revenue of the government. It indicates the total borrowing that are needed by the government.

In actual terms, the fiscal deficit was at Rs 3.51 trillion at the end of the first quarter of 2022-23, data from the Controller General of Accounts (CGA) showed on Friday.

The country's fiscal deficit is projected at 6.4 per cent of the GDP for this fiscal ending