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    India FY25 Fiscal Deficit: Rs 1.36 Lakh Cr, 8.1% of Budget Est.

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    India FY25 Fiscal Deficit: Rs 1.36 Lakh Cr, 8.1% of Budget Est.

    India’s Fiscal Deficit Data for April-June 2024 Released

    India's April-June 2024 fiscal deficit data has been released.

    India’s April-June 2024 fiscal deficit data has been released.

    India’s net tax receipts in April-June 2024 stood at Rs 5.5 lakh crore, or 21% of the annual target.

    India’s fiscal deficit for April-June 2024 was Rs 1.36 lakh crore, 8.1% of the full budget target for FY25, as per official data. Net tax receipts were Rs 5.5 lakh crore, 21% of the yearly goal. Total government expenditure in the period was Rs 9.7 lakh crore, lower than the previous year.

    The government’s capital expenditure was also reduced. The latest Budget 2024-25 targets a fiscal deficit of 4.9% of GDP, down from 5.1% in the interim budget. India plans to shift to using the government debt-to-GDP ratio as the fiscal policy anchor after 2026.

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    Mohammad Haris

    Deputy News Editor (Business) with a decade of experience in writing about markets, economy, and companies.

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