NEW DELHI: India's fiscal deficit for the April-November period was ₹8.47 lakh crore, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts (CGA) on Tuesday.
The latest figure is lower than ₹9.07 lakh crore a year ago due to the Reserve Bank of India (RBI) dividend and subdued government capex during the first quarter amid the general elections, though tax receipts remained somewhat flat.
The Union government's fiscal deficit target is 4.9% of the gross domestic product (GDP) for 2024-25 (FY25), as announced by finance minister Nirmala Sitharaman in the Union Budget 2024-25 against 5.6% in 2023-24, which was lower than the revised estimates of 5.8%.
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