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The Economic Times
The Economic Times

India's April-May fiscal deficit at ₹1.62 lakh crore, widens on-year to 9.6% of FY27 aim

Deficit India

India's fiscal deficit for the first two months of FY27 through May stood at ₹1.62 lakh crore, or 9.6% of the full-year budget estimate, government data showed today.

The fiscal deficit widened sharply from 0.8% of the annual target reported in the comparable year-earlier period.

Total receipts stood at ₹7.19 lakh crore, while overall expenditure in April-May was at ₹8.81 lakh crore. They were 19.7% and 16.5% of this fiscal year's budget target, respectively.

In the year-earlier period, total receipts and expenditure stood at 21% and 14.7% of the budget estimates.

Revenue receipts stood at ₹6.99 lakh crore, of which tax revenue was ₹3.48 lakh crore and non-tax revenue was ₹3.51 lakh crore.

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