India’s fiscal deficit for April–August stood at Rs 5.98 lakh crore, or 38.1% of the FY26 goal. That is greater than 27% a 12 months in the past. The fiscal deficit represents the hole between authorities spending and receipts (excluding borrowings). It serves as a key indicator of budgetary well being.
The income deficit was Rs 1.9 lakh crore, whereas each expenditure and income receipts rose year-on-year. Capital expenditure elevated to Rs 4.31 lakh crore from Rs 3.01 lakh crore. This underscores the federal government’s emphasis on infrastructure and financial progress.
Non-tax income elevated to Rs 4.40 lakh crore from Rs 3.34 lakh crore. This was supported by greater dividends, income, and costs from state-owned enterprises.
State tax devolution elevated to Rs 5.30 lakh crore from Rs 4.55 lakh crore. This offers states with extra fiscal area for growth and welfare schemes.
The FY26 price range tasks a fiscal deficit of 4.4% of GDP, representing a gradual path of fiscal consolidation. This helps progress.
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