Current Affairs - Economy - Discussion

The fiscal deficit is the difference between the government's revenue and expenditure. It is expressed as a percentage of GDP. India's fiscal deficit target for FY24 is 5.9% of GDP. However, the fiscal deficit for the April-August period in FY24 stood at Rs 6.42 trillion, which is 36% of the full-year target. This indicates that the government is on track to exceed its fiscal deficit target for the year.