<h1>India's Fiscal Deficit Soars in 2008-09, Surpassing Budget Estimates with Additional Liabilities Considered.</h1> The fiscal deficit at the end of September 2008 was Rs. 1,02,654 crore, according to unaudited Union Government Accounts. This figure excludes provisions for a farm loan waiver of Rs. 15,000 crore and securities issued to Oil Marketing Companies for under-recoveries amounting to Rs. 75,942 crore, which were accounted for later. The revised estimate for the fiscal deficit in 2008-09 is Rs. 3,26,515 crore, significantly higher than the budget estimate of Rs. 1,33,287 crore. Including liabilities for securities issued to Oil Marketing and Fertilizer Companies, the fiscal deficit totals Rs. 4,22,457 crore.