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New Delhi, July 31 The Centre’s fiscal deficit has touched Rs 86,126 crore in the first quarter ended June 30, 2008. This represented 64.6 per cent of the budget estimate of Rs 1,33,287 crore for 2008-09, according to the Controller General of Accounts (CGA).

Analysts and economists expect the government’s fiscal deficit during the current fiscal to exceed the budget estimate on account of additional expenditure arising from farm loan waiver scheme and implementation of the Sixth Pay Commission.

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