New Delhi, Dec. 1 -- The Centre's fiscal deficit stood at 4.7 percent of GDP in the first six months of FY23.

Fiscal deficit is a difference in the expenditure and revenue of the government.

So far, the government has nearly exhausted budgetary allocation for fertilizer and additional allocation will be used for the remaining half of the year.

In the case of food subsidies, only Rs 1.35 trillion of Rs 2.13 trillion has been used so far. The money spent on PM Kisan has also been at a slow pace as only half the budget has been allotted.

The gap in fiscal deficit widened to Rs 7.6 trillion in April-Oct FY23 from Rs 5.5 trillion in the first seven months of FY22.

Published by HT Digital Content Services with permission from India Blooms....