Capital expenditure surged over 23% in Q1, pushing fiscal deficit to 18.2% of the budget target amid low revenue growth.

Capital expenditure surged over 23% in Q1, pushing fiscal deficit to 18.2% of the budget target amid low revenue growth.

The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax collections, analysts noted. Revenue…