Fiscal deficit at 26.8% of FY27 target by July as capital spending gathers pace
India's fiscal deficit reached 26.8% of the full-year FY27 target by the end of July, official data show. Strong tax and non-tax receipts kept the government's finances in check even as capital expenditure and subsidy spending accelerated over the first four months of the financial year. The pick-up in capex signals continued government-led investment.
Nabka Insight
Fiscal deficit as a share of the budget target is a standard fiscal-data question.
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- Fiscal deficit was 26.8% of the FY27 target by end-July
- Strong tax and non-tax receipts supported the position
- Capital expenditure and subsidy spending accelerated in the first four months of FY27
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