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Fiscal deficit at 29.4% of FY25 target in first half as infra spends slow down
October 31, 2024
|The Morning Standard
The Centre's fiscal deficit in the first six months of the current financial year has reached 29.4% of the budgeted target of ₹16.13 lakh crore.
Last year during the same period, the fiscal deficit touched 39.3% of the budgeted target.
The fiscal deficit, which is the difference between the government's total receipt and total expenditure, during April-September 2024 was ₹4.75 lakh crore compared to ₹7 lakh crore during the same period last year.
The net tax revenues during the period rose for the government by 9% year-on-year, while non-tax revenues grew by 51%, boosted by the RBI dividend. Revenue expenditure during the first six months grew by a modest 4%, while capital expenditure contracted by 15%.
هذه القصة من طبعة October 31, 2024 من The Morning Standard.
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