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Fiscal Deficit Hits ₹11.7 Lakh-Cr in Apr-Jan of FY25
Hindustan Times Mumbai
|March 01, 2025
India's fiscal deficit for the April-January (FY25) period stood at ₹11.70 lakh crore, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts (CGA) on Friday.
NEW DELHI:
The latest figure is higher than the ₹11.03 lakh crore registered a year ago, which was 63.6% of the estimates for 2023-24. The increase follows higher revenue expenditure and capital expenditure during the ongoing fiscal.
The central government's fiscal deficit target is 4.8% of the gross domestic product (GDP) for 2024-25, with a further reduction to 4.4% targeted for 2025-26.
During the April-January period, net tax receipts stood at ₹19.04 lakh crore, or 74.4% of the target set in the annual budget, against ₹18.80 lakh crore in the same period of the previous year, the CGA data showed.
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