This takes the fiscal deficit for the first four months of the current fiscal to 33.9 per cent of the full-year target of Rs 17.87 lakh crore.
The fiscal deficit for April-July 2022 was 20.5 per cent of the target for 2022-23.
In July, the monthly fiscal deficit was Rs 1.54 lakh crore, while during the corresponding period of last year, the government had recorded a fiscal surplus of Rs 11,040 crore.
The fiscal deficit for April-July 2022 was 20.5 per cent of the target for 2022-23.
The government’s fiscal deficit target for 2023-24 is 5.9 per cent of GDP, down from 6.4 percent of GDP in 2022-23.
–IANS
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