New Delhi, July 31 -- India's fiscal deficit reached 18.2% of the full-year budget estimate (BE) by the end of June-or Rs.3.08 trillion-compared with 17.9% a year earlier, according to the latest monthly accounts released by the Controller General of Accounts (CGA) on Friday.

The deficit, which nearly doubled from 9.6% at the end of May, reflected higher government spending towards the end of the quarter even as revenue collections remained broadly on track.







The Centre has budgeted a fiscal deficit of Rs.16.96 trillion-4.3% of GDP-for FY27 and is expected to rely on stronger tax collections and non-tax revenues over the rest of the year to stay within the target.

The fiscal position was also supported by the Reserve Bank of India...