 "In April-August, India’s fiscal deficit at 109% of full-year target")
The Union government’s fiscal deficit remained above the annual target for second month in row at the end of August, mainly on account of the impact of lockdown on revenue collections.
According to the data released by the Controller General of Accounts (CGA), fiscal deficit during April-August was at 109.3 per cent of the annual target estimated in the Budget. In absolute terms, the fiscal deficit was at Rs 8,70,347 crore. It stood at 78.7 per cent of Budget Estimates (BE) in the corresponding period during the last fiscal year.
Fiscal deficit or the gap between the expenditure and revenue had breached
