The Central Government's fiscal deficit touched 20.5% of the annual target at the end of July 2022-23 against 21.3% a year ago, reflecting improvement in public finance, as per official data released on Wednesday.
In actual terms, the fiscal deficit - the difference between expenditure and revenue - was ₹3,40,831 crore during the April-July period this financial year.
A fiscal deficit is a reflection of government borrowings from the market.
