The Economic Times

India's fiscal deficit for April-August at Rs 7.10 lakh crore, widens to 41.9% of FY27 aim

As FY27 progresses, India's fiscal deficit climbed to an alarming Rs 7.10 lakh crore within the first five months, representing 41.9% of the projected budget for the year. The total receipts amounted to Rs 13.68 lakh crore, aligning at 37.5% of the total budget. Meanwhile, government spending hit Rs 20.78 lakh crore, with major subsidies also rising to Rs 1.87 lakh crore amidst continuing fiscal challenges.