2024-25 India's fiscal deficit narrowed to 3% in the first two months due to strong revenue growth and RBI dividend.
India's fiscal deficit for the first two months of the current financial year (2024-25) has narrowed to 3% of the full-year estimate compared to 11.8% during the same period of the previous fiscal. The Centre's fiscal deficit has been reduced to 3% of the full-year estimate in the first two months of the current financial year (2024-25) due to strong revenue growth and a higher dividend from the RBI. Net tax revenues in April-May stood at Rs 3.19 lakh crore, or 12% of the annual target, which is higher than the corresponding figures of Rs 2.78 lakh crore in the same period last year.
June 28, 2024
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