Fiscal deficit at 74.5% of target in April-Jan

CAPEX RISES

- FE BUREAU

THE CENTRE'S FISCAL deficit came in at 74.5% of the annual target in the first ten months of the current financial year, as net tax revenues rose by a modest 1.3% on year due to extra devolution of taxes to the states.

The fiscal deficit was 63.6% of the corresponding annual target in April-January of FY24.

In the first ten months of FY25, non-tax revenues expanded by around 38%, aided by the Reserve Bank of India dividend while revenue expenditure grew by 6.8% and capex rose by a relatively modest 5%.