India’s fiscal deficit stood at ₹4.55 lakh crore during April-July, or 26.8% of the ₹16.96 lakh crore target set for FY27.
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India’s fiscal deficit in the months of April-July stood at ₹4.55 lakh crore ($47.81 billion), or 26.8% of the target for the financial year ending March 31, government data showed on Monday.
The deficit in the same period last year stood at ₹4.7 lakh crore.
India has set its fiscal deficit target for the financial year 2027 at 4.3% of the GDP, or ₹16.96 lakh crore.
• Net tax receipts stood at ₹8.5 lakh crore, compared with ₹6.6 lakh crore a year ago.
• Non-tax revenue was at ₹4.2 lakh crore, compared with ₹4 lakh crore a year ago.
• Total government expenditure came to ₹17.6 lakh crore, compared with ₹15.6 lakh crore a year earlier.
• Capital expenditure, or spending on building physical infrastructure, stood at ₹4.5 lakh crore against ₹3.5 lakh crore a year
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