Apr-July fiscal gap touches 26.8% of full-year target

The Centre's fiscal deficit for April-July FY27 stood at 26.8 percent of the budget estimate. This figure showed a slight decrease compared to the previous year's deficit. Total receipts grew faster than total expenditure, indicating fiscal stability. Capital expenditure surged by nearly 30 percent during this period. Major subsidies utilization was 37 percent of the budgeted amount.