Government meets fiscal deficit target of 4.8% for FY25

Key Points

• 1The government met its fiscal deficit target of 4.8% of GDP in 2024-25.
• 2Total revenue for 2024-25 was ₹30.78 lakh crore.
• 3Total expenditure stood at ₹46.55 lakh crore.
• 4The fiscal deficit was ₹15.77 lakh crore.
• 5The Finance Minister targeted a fiscal deficit of 4.4% of GDP for FY26.
• 6Income tax collections at ₹11.83 lakh crore were almost 6% lower than the revised estimate.