Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data

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Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data - Business Standard

Quick Summary:

Economists said that the Centre's capex needs to expand by 65 per cent YoY in December 2024-March 2025 or record a monthly run rate of Rs 1.5 trillion, to meet the FY2025 target of 11.

Nayar said that the capex target of Rs 11.1 trillion for FY2025 is likely to be missed by a margin of at least Rs 1.0-1.5 trillion.

Gross tax collections rose by 10 per cent on a YoY basis in November 2024, while net tax revenues rose by a marginal 0.5 per cent year on year.