Overview
- The fiscal gap stood at Rs 8.25 lakh crore for April–October, compared with 46.5% of the target in the same period last year.
- Total receipts were about Rs 18.00 lakh crore, or 51.5% of the Budget estimate, against total expenditure of Rs 26.25 lakh crore, or 51.8%.
- Net tax receipts were Rs 12.74 lakh crore, slightly below last year’s level, while non-tax revenue rose to Rs 4.89 lakh crore on the back of the RBI’s Rs 2.69 lakh crore dividend.
- Capital expenditure reached roughly Rs 6.17–6.18 lakh crore, up from about Rs 4.7 lakh crore a year earlier.
- Tax devolution to states totaled about Rs 8.35 lakh crore, interest payments were Rs 6.73 lakh crore, and major subsidies amounted to Rs 2.46 lakh crore.