New Delhi, Feb 27 (IANS) India’s fiscal deficit for the first 10 months (April to January) of FY 2025-26 was Rs 9.8 lakh crore, which works out to 63 per cent of the estimate for the full financial year ending on March 31, official figures released on Friday showed.Net tax receipts for April-January stood at Rs 20.94 lakh crore, up from Rs 19 lakh crore collected in the same period last year.Non-tax revenue went up to Rs 5.57 lakh crore, from Rs 4.7 lakh crore in the same period of the previous …
Latest Debt/GDP Ratio News & Updates
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday projected a further reduction in the fiscal deficit to 4.3 per cent of GDP for 2026-27 as the government continues on the path of fiscal consolidation to ensure economic growth with stability.Presenting the Budget 2026-27, she said that the government had fulfilled its commitment to reduce the fiscal deficit to 4.4 per cent in the Budget for 2025-26 and would now reduce it further to 4.3 per cent as it continues on the fiscal …
New Delhi, Jan 7 (IANS) India’s tax collections could surge in FY27, with gross tax buoyancy rising to 1.1 from a projected 0.64 in FY26, a report said on Wednesday.The report from HDFC Bank said that nominal GDP growth is expected at about 10.1 per cent in FY27 after an estimated 8.5 per cent in FY26. It said that capital expenditure is expected to grow by 10.5 per cent to about Rs 11.5–12 lakh crore while revenue expenditure may rise 9.5 per cent to Rs 41.9 lakh crore.The government’s fiscal…