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Fiscal deficit touches 32.6% of annual target till August this fiscal

As per the data released by the Controller General of Accounts (CGA), the government's total receipts, including taxes, stood at Rs 8.48 trn or 37.2 per cent of the Budget Estimates (BE)

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Press Trust of India New Delhi
The central government's fiscal deficit touched 32.6 per cent of the annual target in the current financial year till August as against 31.1 per cent recorded a year ago, according to official data released on Friday.

In actual terms, the fiscal deficit -- the difference between expenditure and revenue --- was Rs 5,41,601 crore during the April-August period of this financial year.

Fiscal deficit is an indicator of the government's borrowings from the market.

As per the data released by the Controller General of Accounts (CGA), the government's total receipts, including taxes, stood at Rs 8.48 lakh crore or 37.2 per cent of

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First Published: Sep 30 2022 | 5:17 PM IST

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