Tax revenue growth offsets subsidies as capex rises 18%
after close1 source ↓written by the desknot a recommendation
- driven
- 15.4% growth in corporate taxes
- 14.2% in personal income taxes
- during April-August
- 18%
Fiscal risks for FY27 have eased as tax collections rose 14.6% YoY, driven by 15.4% growth in corporate taxes and 14.2% in personal income taxes. Government capital expenditure surged 18% during April-August, with railways and defence spending leading the charge. This robust revenue performance reduces downside risks to the fiscal outlook, despite elevated expenditure growth.
Not investment advice. For informational purposes only.