India’s fiscal deficit between April and June stood at Rs 2,80,000 crore, which is 17.9% of the entire financial year estimate. This information was received from government data on Thursday. Finance Minister Nirmala Sitharaman, while presenting the Union Budget for this financial year, had set a target of fiscal deficit 4.4% of the total GDP. This government fulfills the commitment in which its goal is to bring the budget deficit below 4.5% by 2026. India’s fiscal deficit in FY25 was 4.8% of GDP, which was in accordance with the revised estimate.
The target of low losses for 2025-26 is set because the government hopes that the tax collection will be strong. Even if the government kept emphasizing on capital expenditure. This expenditure is important for increasing consumption, increasing employment and making India the third largest economy in the world by 2030.
Talking about the expenditure, the central government spent Rs 51,252 crore on main subsidy items like food, fertilizer and petroleum. This is 13% of the revised target of the whole year, which is slightly less than 14% spent in the same period last year.
update in progress…