India's Apr-Feb fiscal deficit at Rs 15.01 lakh cr, reaches 86.5% of FY24 target
New Delhi, March 28 -- Indias fiscal deficit for the period between April and February of FY24 amounted to Rs 15.01 lakh crore, nearly 86.5 percent of the target set for the entire financial year.
The fiscal deficit during the same period in FY23 stood at Rs 14.53 lakh crore.
The current financial year began on April 1, 2023.
During the Interim Union Budget announcement, Finance Minister Nirmala Sitharaman stated that the government has revised its fiscal deficit target for FY24 downward by 10 basis points to 5.8 percent of gross domestic product (GDP).
The government aims to further bring it down to 5.1 percent in the subsequent financial year.
During the April-February period of FY24, the total expenditure amounted to Rs 37.47 lakh...
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