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Fiscal deficit doubles to ₹2.8 lakh cr in Q1
Financial Express Kolkata
|August 01, 2025
THE CENTRE'S FISCAL deficit more than doubled on year to ₹2.8 lakh crore to reach 17.9% of the annual target in the first quarter of FY26, with acceleration in capex and revenue expenditure even as net tax receipts declined.
Thanks to robust non-tax receipts, the government's overall revenue receipts were still comfortable with 27.6% of the target met in Q1FY26 compared with 22.4% of the relevant target during the year-ago period.
In the first quarter of FY26, net tax revenues contracted by 1.7% to ₹5.4 lakh crore, while non-tax revenues surged by 33% on year to ₹3.73 lakh crore following the receipt of the higher-than-budgeted dividend from the Reserve Bank of India.
This story is from the August 01, 2025 edition of Financial Express Kolkata.
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