In actual terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 9,14,089 crore during the April-December 2024-25 period.
New Delhi: India’s fiscal deficit for the first nine months of this fiscal year through December stood at 9.14 lakh crore rupees, or 56.7 per cent of annual estimates. However, the fiscal deficit widened from 55 per cent reported in the comparable year-earlier period, the government data showed today.
As per the data released by Controller General of Accounts (CGA), the central government's tax revenue (net) was at Rs 18.43 lakh crore, or 71.3 per cent of the BE of 2024-25, while it was at 74.2 per cent during the corresponding year of the last financial year.
In actual terms, the fiscal deficit -- the gap between expenditure and revenue -- was Rs 9,14,089 crore during the April-December 2024-25 period. “The total expenditure was at Rs 32.32 lakh crore, or 67 per cent of the BE, according to the revenue-expenditure data of the Union government. In the year-ago period it was at 67.8 percent of BE,” the data showed.
In the Union Budget, the government projected to bring down the fiscal deficit to 4.9 per cent of gross domestic product (GDP) in the current 2024-25 financial year, while the deficit was 5.6 per cent of the GDP in 2023-24.
In absolute terms, the government aims to contain the fiscal deficit at Rs 16,13,312 crore during the current fiscal year. A fiscal deficit is the difference between the total expenditure and revenue of the government. It is an indication of the total borrowing needed by the government.
