Fiscal deficit rises 12-fold to ₹1.62 trillion in April-May
after close1 source ↓written by the desknot a recommendation
- in April-May
- ₹1.62 trillion
- from last year
- 12-fold increase
- of the Budget
- 9.6%
- Budget Estimate
- ₹16.96 trillion
- receipts fell
- ₹6.99 trillion
The fiscal deficit surged to ₹1.62 trillion in April-May, marking a 12-fold increase from last year, now constituting 9.6% of the Budget Estimate of ₹16.96 trillion. Revenue receipts fell to ₹6.99 trillion, down from ₹7.08 trillion YoY, with excise duty collections dropping nearly 20% to ₹2.12 trillion.
This significant rise in fiscal deficit may raise concerns among traders regarding government spending and economic stability, potentially impacting market sentiment.
Not investment advice. For informational purposes only.