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CGA Data Shows India Meets FY25 Fiscal Deficit Target at 4.77% of GDP.

Economy Business | Dated: 04 Jun 2025

On May 30, 2025, the Controller General of Accounts (CGA) under the Ministry of Finance released provisional data showing that India achieved its FY25 fiscal deficit target at ₹15.77 lakh crore, which is 4.77% of GDP, an improvement over the FY24 deficit of ₹16.54 lakh crore.

🎯 Key Highlights:

  • - The improvement reflects better fiscal management, supported by a higher-than-estimated nominal GDP of ₹330.68 lakh crore in FY25, compared to the Revised Estimate (RE) of ₹324.11 lakh crore.
  • - Total government expenditure for FY25 stood at ₹46.56 lakh crore, meeting 98.7% of the revised budget target, up from ₹44.43 lakh crore in FY24.

💡 Other Important Facts:

  • (i) Capital expenditure increased to ₹10.52 lakh crore in FY25 from ₹9.49 lakh crore in FY24, while revenue expenditure rose to ₹36.04 lakh crore from ₹34.94 lakh crore, reflecting the government’s continued focus on infrastructure investment and higher routine spending.
  • (ii) Revenue receipts reached ₹30.78 lakh crore in FY25, with net tax revenue at ₹24.99 lakh crore (97.7% of RE) and non-tax revenue at ₹5.38 lakh crore (101.2% of RE). The revenue deficit stood at ₹5.67 lakh crore, or 92.9% of the budget target.
  • (iii) For the future, the Government of India has targeted a fiscal deficit of 4.4% of GDP for FY26, with plans to bring it down further to 4.5% by FY27, signaling ongoing fiscal consolidation.

📚 Test Your Knowledge:

Recently, according to CGA data, India met its fiscal deficit target for FY25 at what percentage of GDP?

Correct Answer: 4.77%

🚀 Quick Recap: