Budget 2025: All about fiscal deficit and why it becomes big news before budget

  • Posted on December 23, 2024
  • By Business News Today
  • 4 Views
Budget 2025: All about fiscal deficit and why it becomes big news before budget

India Budget 2025: India's fiscal deficit reached 46.5% of its budget estimates in the first seven months of FY2025, amounting to Rs 7.51 lakh crore. While direct tax collections showed robust growth, capital expenditure lagged behind at 42% of the target. FY24's fiscal deficit was lower than projected, with net tax receipts exceeding targets and total expenditure slightly below.
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