India's April-July fiscal deficit reaches 21.3% of FY22 target

India's April-July budgetary fiscal deficit reached 21.3 per cent of the FY22 target, official data showed on Tuesday.

The fiscal deficit -- the difference between revenue and expenditure -- for the April-June 2021-22 period stood at Rs 321,143 crore, or 21.3 per cent of the budget estimates (BE).

The FY22 deficit has been pegged at Rs 15.06 lakh crore.

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Besides, the CGA data showed that the fiscal deficit during the corresponding months of the previous fiscal was 103.1 per cent of that year's target.