Centre’s fiscal deficit at end-August hits 41.9% of 2026-27 target on higher subsidy spends
The Centre's fiscal deficit reached 41.9% of the 2026-27 target by the end of August due to increased subsidy spending, especially on fertilizers. Total expenditure accounted for 38.9% of budget estimates, up from 37.1% in the same period last year. This trend raises concerns about fiscal management as the government approaches the fiscal year-end.