02-June-2026
Economy News
 
Fiscal deficit widens in April on higher spending
02-Jun-2026

Amid global uncertainties, the Centre stepped up capital and revenue expenditure in April, leading to a near doubling of the fiscal deficit year-on-year to 21.4% of the annual target, according to official data released on Monday. Data for the first month of FY27 showed that the Centre achieved 6.2% of the annual target in net tax revenues compared with 6.7% in the year-ago month. During the month, non-tax revenues were 3.6% of the annual target, compared to 11.5% in the year-ago month.

News Source:- https://www.financialexpress.com/policy/economy/fiscal-deficit-widens-in-april-on-higher-spending/4256593/?ref=economy_hp