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    <title>Centre&#039;s fiscal deficit 38 pc of full-year target at Aug-end: CGA data</title>
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    <description>Fiscal deficit at end August equalled 38.1% of the full year target for 2025-26, with receipts comprising net tax revenue, non tax revenue and non debt capital receipts and expenditure split between revenue and capital accounts; major revenue outgo included interest payments and subsidies, and significant tax devolution transfers affected central net receipts. The CGA warns monthly deficit figures may not predict year end outcomes due to a temporal mismatch between timing of non debt receipts and expenditure.</description>
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      <description>Fiscal deficit at end August equalled 38.1% of the full year target for 2025-26, with receipts comprising net tax revenue, non tax revenue and non debt capital receipts and expenditure split between revenue and capital accounts; major revenue outgo included interest payments and subsidies, and significant tax devolution transfers affected central net receipts. The CGA warns monthly deficit figures may not predict year end outcomes due to a temporal mismatch between timing of non debt receipts and expenditure.</description>
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