Finance

India’s April-November fiscal deficit at Rs 8.47 lakh crore, widens on-year to 52.5% of FY25 aim

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India’s fiscal deficit for the first eight months of this fiscal year through November stood at 8.47 lakh crore rupees, or 52.5% of annual estimates, government data showed today.

ET Year-end Special Reads

The fiscal deficit widened from 50.7% reported in the comparable year-earlier period.

Total receipts stood at 18.94 lakh crore rupees, while overall expenditure in April to November was at 27.41 lakh crore rupees. They were 59.1% and 56.9% of this fiscal year’s budget target.

Total receipts in the year-earlier period was at 64.3% of estimate, while expenditure narrowed from 58.9% a year earlier.

While announcing the federal budget for this fiscal year that started April 1, Finance Minister Nirmala Sitharaman revised the fiscal gap aim down to 4.9%, well below the 5.1% budget gap pegged in the Interim budget. Sitharaman also pegged the fiscal deficit target at 5.1% for the next fiscal year.


In the Budget, the government stuck to its fiscal consolidation roadmap even as coalition parties demanded more funds from the Modi government and the middle class urged for tax relief measures.The lower fiscal deficit target for 2025-26 was expected on hopes of strong tax collections, despite the government’s continued capex push that is crucial to shore up consumption and create jobs and help India achieve its aim to be world’s third largest economy by 2030.(more to come)

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