Fiscal deficit rises 12-fold to ₹1.62 trillion in April-May
pre-market1 source ↓written by the desknot a recommendation
- in April-May
- ₹1.62 trillion
- compared to last
- 12-fold increase
- of the Budget
- 9.6%
- Budget Estimate
- ₹16.96 trillion
- receipts fell
- ₹6.99 trillion
Fiscal deficit surged to ₹1.62 trillion in April-May, a 12-fold increase compared to last year, now accounting for 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%. This significant rise in deficit may impact market sentiment and fiscal policy decisions.
• Revenue receipts down 2%
• Tax and non-tax revenue declined by 1%
• Excise duty collections at ₹2.12 trillion
Not investment advice. For informational purposes only.