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- According to government figures, India’s budget deficit for the first five months of this fiscal year through August was 6.43 lakh crore rupees, or 36% of annual estimates.
- The fiscal deficit increased from 32.6% in the same period last year.
- Total receipts were 10.29 lakh crore rupees, whereas total spending was 16.72 lakh crore rupees from April to August.
- They represented 37.9% and 37.1% of the fiscal year’s budget objective, respectively.
- Corporate tax receipts increased by more than 15% year on year, hitting 2.39 trillion rupees from April to August.
