New Delhi, March 29 -- The Union government reported a lower fiscal deficit for April-February as compared with the same year-earlier period, helped by strong revenue growth outpacing expenditure this fiscal year.
The central government's fiscal deficit for April-February stood at Rs.15.70 trillion, which is 85.8% of the revised estimate for FY25, according to the data released by the Controller General of Accounts (CGA) on Friday.
The latest figure is lower than the Rs.17.35 trillion registered a year ago, which was 86.5% of the estimate for 2023-24.
Fiscal deficit is the shortfall between the government's income and expenditure and is expressed as a percentage of gross domestic product, or GDP.
The central government's fiscal deficit ...