The central government’s fiscal deficit in the first four months of FY25 touched 17.2% of the annual target, against 33.9% a year before, government data showed on Friday.
India’s fiscal deficit for April-July was 2.77 trillion rupees ($33.05 billion), or 17.2% of the estimate for the financial year.
Net tax receipts for the period were 7.15 trillion rupees, or 27.7% of the annual target, compared with 5.83 trillion rupees for the same period last year, according to the data.
Total government expenditure during the period was 13 trillion rupees, or about 27% of the annual goal, lower than the 13.81 trillion rupees in the same period last year.
For the first four months, the government’s capital expenditure or spending on building physical infrastructure was 2.61 trillion rupees, or 23.5% of the annual target, against 3.2 trillion rupees for the same period a year earlier.
The Indian government has pegged its fiscal deficit target to 4.9% of GDP in its latest budget, compared with 5.6% in the last fiscal year.
