April-July fiscal deficit reaches 86.5% of full-year target
India's fiscal deficit stood at â¹5.40 lakh crore at the end of July or 86.5% of the budgeted target for the current financial year. The gap between the government's revenue and expenditure is, however, lower than the 92.4% it was in the same month last year. The government aims to reduce fiscal deficit to 3.3% of GDP in 2018-19.