<h1>Centre's fiscal deficit at 29.9% of annual target by end-July, Rs 4.68 lakh crore gap in April-July</h1> Fiscal deficit reached 29.9% of the full-year target at end-July, with a gap of Rs 4,68,416 crore in April-July against a full-year estimate of Rs 15.69 lakh crore (4.4% of GDP). Total receipts were Rs 10.95 lakh crore, including Rs 6.61 lakh crore net tax revenue, and Rs 4.03 lakh crore non-tax receipts; Rs 4.28 lakh crore was devolved to states, about Rs 61,914 crore higher year-on-year. Centre's expenditure was Rs 15.63 lakh crore (Rs 12.17 lakh crore revenue, Rs 3.46 lakh crore capital); interest payments and major subsidies were significant. An economist attributed weaker monthly tax collections partly to filing deadline shifts and cautioned potential GST changes could affect revenue.