India’s Fiscal Deficit Hits 58.6% Of Annual Target In First Two Months

by Rahul Gautam Jul 03, 2020 • 07:07 PM Views 868

India’s fiscal deficit in the first two months through May hit Rs 4.66 lakh crore or 58.6% of the annual budget for the current fiscal year, Government data showed. The reason being is the Coronavirus-induced lockdown which deepened the ongoing economic crisis. Following which, the federal fiscal deficit, the gap between the Government’s revenue and expenditure, widened