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Fiscal deficit is the difference between the total revenue and total expenditure of a government in a financial year. Fiscal deficit arises when the expenditure of a government is more than the revenue generated by the government in a given fiscal year. Fiscal deficit happens due to events like a major rise in capital expenditure or deficit arising from revenue. It serves as an indicator of how well the government is managing its finances. Let us look at the process of calculating the fiscal ... Calcutta: The Centre’s fiscal deficit stood at 36.5 per cent of the full-year target at the end of the first half of FY26, aided by a spurt in capital expenditure, according to data released by the Controller General of Accounts (CGA) on Friday. Fiscal deficit — the gap between the government ... A fiscal deficit is a shortfall in a government’s income compared with its spending. A government that has a fiscal deficit is spending beyond its means. The Central Government Fiscal Deficit data quantifies the difference between the central government's total expenditures and its total revenues (excluding borrowings) over a specific period. A fiscal deficit occurs when the government's expenditure exceeds its revenue.