India’s fiscal deficit at $67.3b by August ’25

India’s fiscal deficit in April-August was 5.98 trillion rupees ($67.34 billion), which is 38.1 per cent of the estimated deficit for the financial year ending March 31, according to government data released on Tuesday.

Net tax receipts decreased to 8.1 trillion rupees from 8.7 trillion rupees collected in the previous year.

Non-tax revenue increased to 4.4 trillion rupees from 3.3 trillion rupees. Total government expenditure rose to 18.8 trillion rupees from 16.5 trillion rupees in the previous year. Capital expenditure, or spending on building physical infrastructure, recorded 4.3 trillion rupees up from 3 trillion rupees a year ago.

Attribution: Reuters

Subediting: Y.Yasser