India’s fiscal deficit for April 2024 to February 2025 stood at ₹13.47 trillion, reaching 85.8% of the annual target. Net tax receipts amounted to ₹20.16 trillion, and government expenditure was ₹38.93 trillion.
India’s fiscal deficit for the period from April 2024 to February 2025 stood at ₹13.47 trillion, accounting for 85.8% of the full-year target. The latest data shows that net tax receipts during this period reached ₹20.16 trillion, amounting to 78.8% of the annual estimate.
Government expenditure for the first eleven months of the financial year was recorded at ₹38.93 trillion, with capital expenditure contributing ₹8.12 trillion. The steady rise in expenditure aligns with the government’s focus on infrastructure development, public welfare schemes, and economic stimulus initiatives.
Revised Fiscal Deficit Target
In the Union Budget for 2025-26, the government revised its fiscal deficit target to 4.8% of GDP for the current financial year, with a planned reduction to 4.4% in the following year. The fiscal consolidation roadmap aims to bring down the debt-to-GDP ratio to 50% by March 2031.
The government continues to focus on fiscal prudence while maintaining investments in key sectors, ensuring economic stability, and promoting long-term growth. The final deficit figures for the financial year will be confirmed once data for March 2025 is incorporated.
