New Delhi, May 30 -- India's fiscal deficit for 2024-25 (FY25) stood at Rs.15.77 trillion, slightly higher than the Rs.15.70 trillion estimated for the year, according to the provisional data released by the Controller General of Accounts (CGA) on Friday.

The increase follows higher revenue expenditure and capital expenditure during the ongoing fiscal year.

The latest figure is lower than the Rs.16.54 trillion registered in FY24, which was 95.3% of the estimates for the year.

To be sure, the central government's fiscal deficit target was 4.8% of the gross domestic product (GDP) for 2024-25, with a further reduction to 4.4% targeted for 2025-26.

A fiscal deficit is the shortfall between government spending and revenue, excluding borrow...