Tuesday, March 04, 2025 | 06:25 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Modi govt confident of meeting fiscal deficit target but faces challenges

While the direct tax collections so far are encouraging, other indicators show the Centre has a formidable task

Taming fiscal deficit at 3.2% of GDP is a tall order
Premium

Arup Roychoudhury New Delhi
The government is confident of meeting the fiscal deficit target for the year and has reiterated that confidence even after the recent excise duty cut on petrol and diesel, which will lead to a total revenue loss of Rs 105 billion. Of this, the Centre will bear about Rs 61 billion, as 42 per cent of the proceeds from duties are passed on to the states. 

While the direct tax collections so far are encouraging, other indicators show the Centre has a formidable task. Going by available trends, there could be a shortfall of more than Rs 1 trillion in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in