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In Apr-Oct, fiscal deficit narrows to ₹7.51 lakh cr
Hindustan Times
|November 30, 2024
India's fiscal deficit for the April-October period stood at ₹7.51 lakh crore, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts (CGA) on Friday.
The latest figure is lower than ₹8.04 lakh crore a year ago due to the Reserve Bank of India (RBI) dividend and subdued government capex during the first quarter amid the general elections, though tax receipts remained flat. The Centre's fiscal deficit target is 4.9% of the gross domestic product (GDP) for 2024-25 (FY25), as announced by finance minister Nirmala Sitharaman in the Union Budget 2024-25 against 5.6% in 2023-24, which was lower than the revised estimates of 5.8%.
Denne historien er fra November 30, 2024-utgaven av Hindustan Times.
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