Centre meets FY25 fiscal deficit target of 4.8% of GDP, shows provisional CGA data
New Delhi: The Central government has achieved its fiscal deficit target of 4.8 percent of GDP for the financial year 2024–25, according to provisional figures released by the Controller General of Accounts (CGA) on Friday.
In the revised estimates (RE) presented to Parliament in February, the fiscal deficit—defined as the gap between total expenditure and revenue—was pegged at ₹15,69,527 crore, or 4.8 percent of GDP.
The CGA’s provisional data showed the actual fiscal deficit stood at ₹15,77,270 crore, amounting to 100.5 percent of the revised estimate.
Nominal GDP for FY25 was estimated at ₹3,30,68,145 crore, as per data released earlier in the day.
Receipts and revenue details
During FY25, the government collected ₹30.78 lakh crore in total receipts, equivalent to 97.8 percent of the RE target.
This included ₹24.99 lakh crore in net tax revenue, ₹5.37 lakh crore in non-tax revenue, and ₹41,818 crore in non-debt capital receipts.
The non-debt capital receipts comprised ₹24,616 crore from loan recoveries and ₹17,202 crore under miscellaneous capital receipts.
Higher devolution to states
According to the CGA, ₹12,86,885 crore was transferred to states as their share of taxes up to March 2025—an increase of ₹1,57,391 crore over the previous year.
Expenditure overview
The Centre’s total expenditure stood at ₹46.55 lakh crore, which is 98.7 percent of the RE for FY25. Of this, ₹36.03 lakh crore was spent on revenue account and ₹10.52 lakh crore on capital account.
Interest payments accounted for ₹11.16 lakh crore, while major subsidies amounted to ₹3.88 lakh crore.
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