India's April-December fiscal deficit at Rs 9.14 lakh crore or 56.7% of FY25 target

Capex spending was at Rs 6.9 lakh crore or 61.7 percent of the budgetary goal of Rs 11.1 lakh crore

India’s fiscal deficit at Rs 9.14 lakh crore or 56.7 percent of the Budget target, further surged in the ninth month of the year, according to government data released on January 31.

Despite capex lagging last year’s pace, the deficit remained higher than the previous year’s spending figure of 55 percent during the April-December period.

Capex spending was at Rs 6.9 lakh crore or 61.7 percent of the budgetary goal of Rs 11.1 lakh crore, compared with 67.3 percent spent during the April-November period last fiscal.

With the FY26 Budget about a day away, all eyes will be on whether the government keeps to the fiscal consolidation path in the coming year.