New Delhi: The government's fiscal deficit rose to Rs 6.06 lakh crore in the April-July period, compared to Rs 4.51 lakh crore in April-June, according to data released by the Controller General of Accounts (CGA) on Thursday.


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This takes the fiscal deficit for the first four months of the current fiscal to 33.9 percent of the full-year target of Rs 17.87 lakh crore. The fiscal deficit for April-July 2022 was 20.5 percent of the target for 2022-23. (Also Read: Best Upcoming Phones In September 2023: 10 Smartphones To watch Out For)


In July, the monthly fiscal deficit was Rs 1.54 lakh crore, while during the corresponding period of last year, the government recorded a fiscal surplus of Rs 11,040 crore. (Also Read: India's GDP Growth Stands At 7.8% For First Quarter Of 2023-24, Lesser Than RBI's Estimate Of 8%)


The fiscal deficit for April-July 2022 was 20.5 percent of the target for 2022-23. The government's fiscal deficit target for 2023-24 is 5.9 percent of GDP, down from 6.4 percent of GDP in 2022-23.