India’s fiscal deficit in April-Jan touches 74.5 per cent of full year target for FY25. In absolute terms, the fiscal deficit for the financial year ending March 2025 is estimated at Rs 15.69 lakh crore. Total receipts stood at Rs 24 lakh crore, while overall expenditure from April to January was Rs 35.70 lakh crore,. They were 76.3 per cent and 75.7 per cent. of this fiscal year’s revised budget targets. The overall deficit is in line with the targeted figure of 4.8 per. cent of GDP fixed by Finance Minister Nirmala Sitharaman as part of the fiscal consolidation path. The government’s gross borrowing target for the budget 2025-26 has been fixed at Rs 11.54 lakh crore while the rest of the funds will come from small savings schemes. The fiscal deficit is estimated to be 4.4% of GDP in 2024-25, the Finance Minister said in the July Budget. He has announced a budget deficit target on a declining path to 4.2% of the GDP in 2025-25.
India’s fiscal deficit in April-Jan touches 74.5 per cent of full year….
