India's fiscal deficit in the first four months of FY25 decreased to 17.2% of the full-year target.

India's fiscal deficit in the first four months of the current financial year (FY25) stood at 17.2% of the full-year target, down from 33.9% in the same period last year. The central government's fiscal deficit for April-July was recorded at Rs 2.77 lakh crore ($33.05 billion), with net tax receipts reaching 27.7% of the annual target at Rs 7.15 lakh crore ($91.32 billion). The government has set its fiscal deficit target at 4.9% of GDP in the latest budget, a reduction from 5.6% in the previous fiscal year.

August 30, 2024
203 Articles

Further Reading