India's April-January Fiscal Deficit Hits 74.5% of Full FY25 Target
Net tax receipts for the first 10 months of the financial year were at Rs 19.04 lakh crore, or 74.4% of the annual target, compared with Rs 18.8 lakh crore for the same period a year earlier.
India’s fiscal deficit for April-January was Rs 11.7 lakh crore ($133.84 billion), or 74.5 per cent of the estimate for the current financial year, government data showed on Friday. Net tax receipts for the first 10 months of the financial year were at Rs 19.04 lakh crore, or 74.4 per cent of the annual target, compared with Rs 18.8 lakh crore for the same period a year earlier, the data showed.
India’s financial year runs from April through March.
related stories
Total government expenditure for the 10 months was Rs 35.7 lakh crore or about 75.7 per cent of the annual goal. Capital expenditure, or spending on building physical infrastructure, was Rs 7.57 lakh crore, or 74.4 per cent of the annual target.
In the annual budget this month, India revised lower its fiscal deficit target for the current financial year to 4.8 per cent of GDP and aimed to further narrow it to 4.4 per cent in 2025-26.
The government, which plans to shift to debt-to-GDP as the key benchmark for fiscal policy from 2026-27, said it would aim to bring debt down to a level of 50 per cent by March 2031 from about 57 per cent.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed - Reuters)- Location :
- First Published: