India Fiscal May 2025: Deficit Narrows, Receipts Rise

  Published 1 year ago

India's May 2025 fiscal data shows 21% of budget receipts, 14.7% expenditure, and 0.8% deficit, with higher state devolution and lower interest outlays.

  • Rs 7.33 lakh crore receipts: Rs 3.51 lakh tax, Rs 3.57 lakh non-tax, and Rs 2.52 lakh non-debt capital.
  • Total spending Rs 7.46 lakh crore, with Rs 5.25 lakh revenue (Rs 1.48 lakh interest, Rs 5.13 lakh subsidies) and Rs 2.21 lakh capital.
  • Fiscal deficit 0.8% (Rs 13,163 cr) vs 3.1% prior year, driven by higher receipts and controlled spending.

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