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During this period, total expenditure rose to ₹27.41 lakh crore, up from ₹26.52 lakh crore year-on-year (YoY), while total receipts increased to ₹18.94 lakh crore, compared to ₹17.46 lakh crore YoY.
India’s financial year runs from April through March.
Capital expenditure for the April-November period was ₹5.14 lakh crore, down from ₹5.86 lakh crore a year earlier.
The spending in the current year has been slow due to the national elections and capital expenditure is likely to fall short of the annual target.
Some economists are factoring in a narrower fiscal deficit than the target of 4.9% of gross domestic product (GDP) for the country on account of lower spending.
Gross tax revenue also showed an uptick, reaching ₹22.61 lakh crore, compared to ₹20.42 lakh crore in the same period of FY24.
For November alone, the fiscal deficit was ₹95,800 crore, a decrease from ₹1.03 lakh crore in November 2023. Total expenditure for the month amounted to ₹2.67 lakh crore, slightly higher than ₹2.58 lakh crore YoY, while total receipts rose to ₹1.71 lakh crore, up from ₹1.55 lakh crore in November 2023.
Capital expenditure for November was ₹47,000 crore, compared to ₹38,700 crore in the same month last year. Gross tax revenue for the month also showed growth, rising to ₹2.28 lakh crore from ₹2.08 lakh crore a year earlier.
