https://www.taxtmi.com/news?id=51163 Fiscal deficit stood at 17.9% of the full-year target at end-June, driven by the gap between Centre expenditure and receipts in Q1 2025-26. Central receipts comprised net tax revenue, non-tax revenue and non-debt capital receipts, while tax devolution to states rose year-on-year. Total expenditure was roughly one quarter of the annual estimate, split into revenue (including interest payments and subsidies) and capital accounts. Capital expenditure grew strongly year-on-year but was affected by a low base and remained slightly below an earlier quarter. en-us Thu, 31 Jul 2025 20:16:03 +0530 Thu, 31 Jul 2025 20:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51163 Fiscal deficit stood at 17.9% of the full-year target at end-June, driven by the gap between Centre expenditure and receipts in Q1 2025-26. Central receipts comprised net tax revenue, non-tax revenue and non-debt capital receipts, while tax devolution to states rose year-on-year. Total expenditure was roughly one quarter of the annual estimate, split into revenue (including interest payments and subsidies) and capital accounts. Capital expenditure grew strongly year-on-year but was affected by a low base and remained slightly below an earlier quarter. News - Thu, 31 Jul 2025 20:16:03 +0530 https://www.taxtmi.com/news?id=51163