Apr-Sep fiscal deficit at 29% of FY25 target
Business Standard|October 31, 2024
Rising tax revenues and RBI dividend boost receipts
RUCHIKA CHITRAVANSHI
Apr-Sep fiscal deficit at 29% of FY25 target

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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