Try GOLD - Free
Fiscal deficit at 29.4% of FY25 target in first half as infra spends slow down
The Morning Standard
|October 31, 2024
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%.
This story is from the October 31, 2024 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
Tilak out of three NZ T20Is, recovering well for T20 WC
IN what comes as a crucial setback for the Indian team, batter Tilak Varma is ruled out of the first three T20Is against New Zealand.
1 mins
January 09, 2026
The Morning Standard
Sebi allows brokers to engage in other activities
THE markets watchdog Securities and Exchange Board (Sebi) has overhauled its more than three-decades-old stockbroker regulations, allowing brokers to engage in other activities in areas regulated by other financial regulators/authorities, in amove aimed at providing ease of compliance, as well as ease of doing business.
1 min
January 09, 2026
The Morning Standard
Designs that pop
ART is often confined to frames, but Delhi-based designer Raseel Gujral Ansal invites it to live. In the new limited-edition collection, 'Inscape', years of her vision and craftsmanship for Casa Paradox come together in a new form.
1 mins
January 09, 2026
The Morning Standard
Woman's killing by ICE sparks tension in Minneapolis
MINNEAPOLIS was on edge Thursday following the fatal shooting of a woman by a federal officer taking part in the Trump administration’s latest immigration crackdown, with protesters venting their outrage, the governor urging restraint and schools canceling classes as a precaution.
1 min
January 09, 2026
The Morning Standard
Mkt falls for 4th session on Trump tariff shocker
Sensex drops 780 pts to 84,180.96, Nifty plunges 264 pts to 25,877
2 mins
January 09, 2026
The Morning Standard
US pulls out of India-led body, 65 other panels
IN a setback to global climate cooperation, United States President Donald Trump has formally withdrawn the US from the International Solar Alliance (ISA), a flagship renewable energy initiative coled by India and France, seen as a sharp shift away from multilateral climate engagement.
1 mins
January 09, 2026
The Morning Standard
Dhami’s strike sinks Bengal Tigers
Boby Singh Dhami’s decisive goal earned Vedanta Kalinga Lancers a 2-1 win over Shrachi Bengal Tigers in the men’s Hockey India League match at the Mayor Radhakrishnan Stadium here on Thursday.
1 min
January 09, 2026
The Morning Standard
Trump signals long-term US control of Venezuela and its vast oil reserves
Senate advanced resolution to limit Don's ability to conduct more attacks
2 mins
January 09, 2026
The Morning Standard
POLICING CANNOT BE A UNIVERSITY'S FIRST RESPONSE TO PROTEST
ONCE again, Jawaharlal Nehru University has found itself in the middle of a political storm.
1 mins
January 09, 2026
The Morning Standard
Didi crashes ED’s raid party, seizes docs
THE Enforcement Directorate (ED)'s raids at the office of political consultancy firm I-PAC and the residence of its director Pratik Jain in Kolkata on Thursday in connection with a money laundering probe turned into high drama as West Bengal Chief Minister Mamata Banerjee stormed in and took away some documents.
1 mins
January 09, 2026
Listen
Translate
Change font size