Fiscal deficit at 52.5% of target by Nov-end

THE Centre's fiscal deficit at the end of the eighth month of financial year 2024-25 was at 52.5% of the full-year target, according to the government data released on Tuesday.

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According to the data released by the Controller General of Accounts (CGA), the fiscal deficit, in absolute terms, the gap between the government's expenditure and revenue, was about ₹8.47 lakh crore during the April-November period of the current financial year.

In the Union Budget, the government projected to bring down the fiscal deficit to 4.9% of gross domestic product (GDP) in the current financial year (FY25). The deficit was 5.6% of the gross domestic product (GDP) in FY24.