The fiscal deficit has reached 38.1% of the fiscal year 2026 target, which is wider as against the comparable year-ago period, when it stood at 27%. (Photo: Canva stock) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India's fiscal deficit for the period between April and August currently stands at Rs 5.98 lakh crore, according to the official data released by the Controller General of Accounts on Tuesday.

The fiscal deficit has reached 38.1% of the fiscal year 2026 target, which is wider as against the comparable year-ago period, when it stood at 27%. For the entire financial year, the government has set a target to cap fiscal deficit at Rs 15.68 lakh crore.

The uptick was led by was led by a muted 4% growth in revenue receipts, amid a 7% contraction in net tax revenue

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