India's fiscal deficit on track, but spending challenges persist: UBI report
central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India.
The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at only 42 per cent and it will be a challenge for the government to spend the remaining 58 per cent in the remaining five months.
It said,«It would be a daunting task for the govt. to achieve the Rs 11.11 lakh crore budgeted target for the fiscal as the govt. has only five months left to spend the remaining 58 per cent of the full-year capex budget».
Capital expenditure is crucial for long-term economic growth, it declined by 14.7 per cent during April-October FY25. Although the pace of decline eased in October, compared to the 15.7 per cent fall recorded in the first half of FY25.
The report says India's fiscal deficit for the first seven months of the current financial year (April-October FY25) stands at Rs 7.51 lakh crore, which is 46.5 per cent of the Budget Estimate (BE).
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