India's Fiscal Deficit Jumps to 62.3% by Nov; Expert Confident on Target

• Government's fiscal deficit reached Rs 9.76 lakh crore by November, 62.3% of the FY25-26 budget target, up from 52.5% last year.
• Total earnings until November stood at Rs 19.49 lakh crore, comprising tax, non-tax, and non-debt capital receipts.
• Total expenditure reached Rs 29.26 lakh crore, with Rs 7.45 lakh crore spent on interest payments and Rs 2.88 lakh crore on subsidies.
• Rs 9.36 lakh crore was transferred to states, Rs 1.24 lakh crore more than the previous year.
• ICRA's Chief Economist Aditi Nayar expects tax revenue shortfall but believes non-tax revenue and expenditure savings will keep the deficit within target.

Why It Matters: Despite high deficit, expert believes India can meet its fiscal target through revenue and spending management.