How does India's current fiscal deficit compare to last year?

India's current fiscal deficit for the first ten months is 63% of the budget estimate, an improvement from 74.5% of the annual target in the same period last year.

What contributed to the non-tax revenue?

The Reserve Bank of India's dividend transfer of ₹2.69 lakh crore significantly boosted the non-tax revenue.

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India's Deficit at 63% of Target: Key Data Released

27 Feb

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Summary

Fiscal deficit reached ₹9.81 lakh crore, 63% of budget target.
Total receipts were ₹27.09 lakh crore, 79.5% of the budgeted goal.
RBI dividend transfer significantly boosted non-tax revenue.

India's Deficit at 63% of Target: Key Data Released

India's fiscal deficit for the first ten months of the current financial year has reached ₹9.81 lakh crore. This figure accounts for 63% of the full-year budget estimate. Government data indicates an improvement compared to the same period last year, when the deficit stood at 74.5% of the annual target.

During the April-January period, the central government's total receipts amounted to ₹27.09 lakh crore, which is 79.5% of the budgeted goal. Overall expenditure during this time was ₹36.90 lakh crore, representing 74.3% of the full-year target. Steady progress was observed in revenue collections.