India’s April-February fiscal deficit at 80% of 2025/26 target

NEW DELHI: India’s fiscal deficit in April-February was 12.5 trillion rupees ($132 billion) or 80.4% of the estimate for the financial year ending March 31, government data showed on Monday.

Net tax receipts at 21.5 trillion rupees, up from 20.2 trillion rupees collected in the same period a year ago.

Non-tax revenue at 5.8 trillion rupees, compared with 4.9 trillion rupees a year ago.

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Total government expenditure at 40.4 trillion rupees compared with 38.9 trillion rupees a year earlier.

Capital expenditure, or spending on building physical infrastructure, at 9.3 trillion rupees against 8.1 trillion rupees a year ago.