India's April-September fiscal deficit at 42.1% of 2026/27 target
NEW DELHI: India’s fiscal deficit in the months of April to September stood at 7.15 trillion rupees ($75.24 billion), or 42.1% of the target for the financial year ending March, government data showed on Friday. The deficit in the same period last year stood at 5.7 trillion rupees. Net tax receipts for April to September stood at 12.8 trillion rupees, compared with 12.3 trillion rupees a year…
India's fiscal deficit for the April-September period of the current fiscal year was reported at 7.15 trillion rupees, or 42.1% of the government's target of 16.96 trillion rupees for the entire financial year ending March 2027. This represents a significant increase compared to the same period last year, when the deficit was 5.7 trillion rupees.
Net tax receipts during this quarter reached 12.8 trillion rupees, a rise from 12.3 trillion rupees in the corresponding period of the previous year. However, non-tax revenue was slightly lower at 4.8 trillion rupees, down from 4.7 trillion rupees a year ago.
Government spending amounted to 25.5 trillion rupees during April-September, up from 23 trillion rupees in the same period last year. Capital expenditure, which refers to spending on infrastructure development, rose to 6.5 trillion rupees compared to 5.8 trillion rupees in the previous year.
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