Fiscal Update: Centers Deficit Hits 38% of Target Amid Rs 12.82 Lakh Cr in Receipts!
Summary The fiscal update for the year 2024–2025 reveals that the government’s fiscal deficit reached 38.1% of its full-year target by the end of January 2025, amid total receipts of Rs 12.82 lakh crore. Despite steady growth in tax revenues—driven largely by direct taxes and improved compliance—the deficit widened due to significantly higher government expenditure, […]
