India's fiscal deficit surges in April as receipts drop, spending jumps

India's fiscal deficit surges in April as receipts drop, spending jumps

The fiscal deficit in April, reflecting the gap between expenditure and revenue financed by borrowing, reached 21.4% of the ₹16.96 trillion budget target for FY27, according to the latest accounts released by the Controller General of Accounts (CGA) on Monday.

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