Fiscal Deficit Touches 56.7% of Full-Year Target at December-end: Data | Current Affairs | Vision IAS
    • VisionIAS Logo
    Share
    VisionIAS | Pt365

    Daily News Summary

    Get concise and efficient summaries of key articles from prominent newspapers. Our daily news digest ensures quick reading and easy understanding, helping you stay informed about important events and developments without spending hours going through full articles. Perfect for focused and timely updates.

    News Summary

    Sun Mon Tue Wed Thu Fri Sat

    Fiscal Deficit Touches 56.7% of Full-Year Target at December-end: Data

    1 min read

    Centre's Fiscal Deficit as of December 2024

    The fiscal deficit of India, as reported by the Controller General of Accounts (CGA), has reached 56.7% of the annual target by the end of December 2024.

    Fiscal Deficit Details

    • Actual Fiscal Deficit: ₹9,14,089 crore for the period of April-December 2024-25.
    • Comparison with Previous Year: The deficit was 55% of Budget Estimates (BE) during the same period in the previous year (2023-24).

    Tax Revenue

    • Net Tax Revenue: ₹18.43 lakh crore, which is 71.3% of the BE for 2024-25.
    • Previous Financial Year: The net tax revenue was at 74.2% during the corresponding period of the previous year.

    Total Expenditure

    • Total Expenditure: ₹32.32 lakh crore, marking 67% of the BE.
    • Comparison with Previous Year: It was 67.8% of BE in the year-ago period.

    Government Projections

    • Target for Current Financial Year: The government aims to reduce the fiscal deficit to 4.9% of GDP in 2024-25.
    • Last Year's Deficit: The fiscal deficit was 5.6% of GDP in 2023-24.
    • Tags :
    • Fiscal Deficit

    Articles Sources

    https://economictimes.indiatimes.com/epaper/delhicapital/2025/feb/01/economy-macro-micro-more/fiscal
    Next Article
    Tigers in India expand territory by 30% between 2006-2018, coexist with 60 million people: new study
    Subscribe for Premium Features