Fiscal Deficit Widens to Rs 7.14 Lakh Crore
India's central government fiscal deficit widened to Rs 7.14 lakh crore for April to September, the first half of FY27. Reports note that the subsidy bill has ballooned while capital spending has risen. The deficit has reached 42.1 percent of the full-year target, according to a CGA report.
Context
Context: The fiscal deficit is the gap between what the government spends and what it earns, excluding borrowings. Capital expenditure goes to assets such as roads and railways, while subsidies are payments that lower prices for items like food, fuel or fertiliser.
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