Key Points
India's fiscal deficit for April to January, or the first 10 months of this fiscal year, was at 11.03 lakh crore rupees, equivalent to 63.6% of annual estimates, narrowing from the previous year's 67.8%..
The remaining scope for revenue spending in the final two months of FY2024 is 6% higher from the Rs. 8.6 trillion expenditure during the same period last year, Nayar said, adding the government's gross tax revenues require a modest 6% growth in the concluding two months of FY2024 to meet the revised estimate for the year, a target that appears readily attainable...
Revenue deficit was at 4.16 lakh crore rupees or 49% of the fiscal year's revised budget target, data showed..
While announcing the federal budget for the next fiscal year starting April 1, Finance Minister Nirmala Sitharaman revised the fiscal gap aim down to 5.8% from 5.9% of gross domestic product forecast earlier, indicating the budget gap would shrink from 6.4% in the last financial year..
Analysts said the government had prioritised pragmatism over prudence with ambitions to narrow the fiscal deficit even as it raised capex target for the next financial year to a record high and while the worlds largest democracy moves closer to general elections...
You might be interested in
India's fiscal deficit for April-December at Rs 9.82 lakh crore, narrows to 55% of FY24 aim
31, Jan, 24India's fiscal deficit for April to December, or the first nine months of this fiscal year, was at 9.82 lakh crore rupees, equivalent to 55% of annual estimates, narrowing from the previous year's 59.8%. The government aims to narrow the fiscal gap to 5.9% of GDP in this financial year from 6.4% a year earlier.
India's April-June fiscal deficit at Rs 4.51 lakh crore, widens on-year to 25.3% of FY23 aim
31, Jul, 23While announcing the federal budget for this fiscal year, Finance Minister Nirmala Sitharaman said India aims to narrow the fiscal gap to 5.9% of gross domestic product from 6.4% in the last financial year.
India's fiscal deficit contained at 39% of FY24 target
31, Oct, 23In the first half of the fiscal year, the fiscal deficit of the Indian government has reached 39.3% of the annual target, compared to 37.3% during the same period in the previous year, according to official data released on Tuesday. However, the fiscal deficit has been kept under control after experiencing an initial spike until July.
India's April-January fiscal deficit widens on-year to Rs 11.91 lakh crore, 67.8% of revised FY23 aim
28, Feb, 23Total receipts stood at 19.77 lakh crore rupees, while overall expenditure in April to January was at 31.68 lakh crore rupees. They were 81.3% and 75.7% of this fiscal year's revised budget target. Revenue receipts stood at 19.20 lakh crore rupees, of which tax revenue was 16.89 lakh crore rupees and non-tax revenue was 2.31 lakh crore rupees.
India's fiscal deficit for April-August at Rs 6.43 lakh crore, widens to 36% of FY24 aim
30, Sep, 23India's fiscal deficit for the first five months of the current fiscal year, ending in August, reached 6.43 lakh crore rupees, equivalent to 36% of the annual estimates, according to government data. This represents an increase from the 32.6% deficit reported during the same period the previous year.