The Indian government met its fiscal deficit target of 4.8% of GDP for 2024-25.
Total government revenue was ₹30.78 lakh crore, about 97.8% of what was expected.
Total government spending was ₹46.55 lakh crore, also 97.8% of the estimate.
Fiscal deficit (spending minus revenue) was ₹15.77 lakh crore, equal to 4.8% of GDP.
The government plans to reduce the fiscal deficit further to 4.4% of GDP in 2025-26.
Revenue was lower mainly because of less money earned from miscellaneous capital receipts, including disinvestment proceeds.
The government earned ₹17,202 crore from miscellaneous capital receipts, only 52.1% of the target.
Disinvestment income was ₹10,131 crore in 2024-25.
Corporate tax collection was slightly higher than expected, by 0.7%.
Income tax collection was about 6% lower than the revised estimate.
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