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    <title>Centre&#039;s fiscal deficit touches 74.5 pc of full year target at end-Jan</title>
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    <description>The central government&#039;s fiscal deficit reached a substantial portion of the annual target, indicating the extent of borrowing required. Tax receipts and total expenditure tracked high shares of revised estimates; transfers to states, interest payments and subsidies were significant. Capital expenditure rose strongly year on year, but further capex expansion in the final months is needed to meet the fiscal year target, affecting adherence to the budgeted fiscal deficit and borrowing plans.</description>
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