India's fiscal deficit for the first seven months of 2024-25 is 46.5% of the annual target, slightly up from last year.

India's fiscal deficit for the first seven months of the fiscal year is at 46.5% of the annual target, slightly higher than the same period last year. The deficit reached about $97.6 billion, with revenue and expenditures at 53.7% and 51.3% of the budget targets, respectively. The government received a surplus transfer of Rs 2.11 lakh crore from the Reserve Bank of India. Despite this, the revenue deficit is at 52.2% of the budget target, and the government has lowered the fiscal deficit aim to 4.9%.

4 months ago
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