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The Centre’s fiscal deficit in the first four months of FY24 stood at 33.9% of the annual target, sharply higher than 20.5% a year before. Of course, the deficit until July is still way below the five-year average of 69%. Capex jumped nearly 52% between April and July from a year earlier to ₹3.17 lakh crore, higher than the budgeted annual rise of about 36%.
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