India's Fiscal Deficit for April-July at Rs 4.55 Lakh Crore, Narrows to 26.8% of FY27 Aim
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Strong Tax Revenue Offers Fiscal Cushion, but 4.3% Deficit Target Faces Risks: ICICI Bank
Get latest articles and stories on Business at LatestLY. Strong tax collections are providing a cushion to the Centre's finances, but higher crude and fertiliser prices and slower-than-expected nominal GDP growth could make it more difficult for the government to meet its 4.3 per cent fiscal deficit target for financial year 2026-27, ICICI Bank Research said. Business News | Strong Tax Revenue Offers Fiscal Cushion, but 4.3% Deficit Target Faces…
India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aim
India's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this year. The deficit narrowed significantly compared with year-earlier period. Total receipts stood at Rs 13.06 lakh crore rupees during this time. Overall expenditure also amounted to Rs 17.62 lakh lakh crore rupees.
The primary fiscal surplus has reached 2.9% of GDP, but inflation is likely to increase, the Ministry of Finance said.
Centre's FY27 fiscal deficit touches 26.8% of full year target at end July: Govt data - OrissaPOST
New Delhi: The central government’s fiscal deficit for 2026-27 stood at 26.8 per cent of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) Monday. The deficit was at 29.9 per cent of Budget Estimates (BE) of 2025-26 for the first four months of the […]
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