The Centre's fiscal deficit in the first half of this financial year (H1FY25) stood at ₹4.7 trillion, or 29.4 per cent of the FY25 Budget Estimate (BE), according to data from the Controller General of Accounts (CGA). This was less than the 39.3 per cent of BE for the same period last year.
The government for 2024-25 has set a fiscal deficit target of 4.9 per cent of the gross domestic product.
The improvement in H1FY25 vis-à-vis H1FY24 is largely due to the Reserve Bank of India's (RBI's) dividend payment earlier in the year and a year-on-year (Y-o-Y) contraction in capital expenditure.
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Denne historien er fra October 31, 2024-utgaven av Business Standard.
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