India's fiscal deficit reached 18.2% of the full-year target in the April-June quarter of the 2026-27 financial year, according to government data released on Friday.
The fiscal deficit during the first quarter stood at Rs 3.1 trillion, compared with Rs 2.8 trillion recorded during the same period last year.
For the financial year ending March 31, 2027, the government has pegged the fiscal deficit at Rs 16.96 trillion, equivalent to 4.3% of the country's Gross Domestic Product (GDP).
TAX REVENUE SEES STRONG GROWTH
Net tax collections rose to Rs 6.4 trillion in the April-June period, up from Rs 5.4 trillion during the corresponding quarter of the previous financial year.
Non-tax revenue also registered a marginal increase, rising to Rs 3.8 trillion from Rs 3.7 trillion in the same period a year ago.
GOVERNMENT EXPENDITURE RISES
Total government expenditure during the first quarter increased to Rs 13.6 trillion, compared with Rs 12.2 trillion in the year-ago period.
Capital expenditure, which covers investment in physical infrastructure and asset creation, also recorded a notable rise. It stood at Rs 3.4 trillion during the April-June quarter, up from Rs 2.75 trillion in the corresponding period of the previous financial year.
