New Delhi, Sept. 1 -- India's fiscal deficit stood at Rs.4.55 lakh crore or 26.8% of the full-year budget estimate at the end of July, according to the latest monthly accounts released by the Controller General of Accounts (CGA) on Monday. The deficit was 29.9% of the annual target in the corresponding period of the previous year. The deficit rose to 26.8% of the annual target by July from 18.2% at the end of June, as government expenditure continued to exceed receipts. The Centre has budgeted a fiscal deficit of Rs.16.96 lakh crore, or 4.3% of GDP, for FY27. It is counting on robust tax collections and higher non-tax revenues in the coming months to meet this target. The fiscal deficit is the gap between the government's total expenditure ...