Economy

Fiscal deficit widens to 18.2% of FY27 target by June as spending picks up

India's fiscal deficit widened to 18.2% of the FY27 target by the end of June, nearly doubling from 9.6% at the end of May. The jump reflected higher government spending toward the end of the quarter, even as revenue collections stayed broadly on track. The fiscal deficit is the gap between the government's total expenditure and its total receipts.

Nabka Insight

Fiscal-deficit trajectory against the Budget target is a recurring economy question.

Key facts

Fiscal deficit hit 18.2% of the FY27 target by end-June.
Nearly doubled from 9.6% at the end of May, on higher spending.

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