Centre's fiscal deficit touches 29% of budget estimate in H1 of FY25

Quick Summary:

Capex for the April-September period of FY2025 stood at 37 per cent of the budget estimate of Rs 11.

This appears rather challenging at this juncture, and we expect the capex target of Rs 11.1 trillion for FY2025 to be missed by a margin of at least Rs 0.5 trillion,” said Aditi Nayar, chief economist, ICRA Limited.

Economists noted that after a slowdown in the first quarter of this financial year due to parliamentary elections, capital expenditure expanded sharply in July, but the momentum has not sustained in the subsequent two months.

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Category: BusinessFinance

Markets: India

Topics: Centre Fiscal deficit State fiscal deficits Fiscal deficit Fiscal deficit

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Published On: 2024-10-30 @ 17:04:21 (1 days ago)

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Language: English

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