It focuses on the path of meeting the goal of the financial deficit for the 26th year, but it has slowed the growth of tax revenues

The center is expected to meet the goal of the financial deficit of 4.4 % of GDP in the 26th fiscal year, but analysts raised concerns about slowing tax revenues due to discounts in income tax and commodity and services tax (GST).

According to the data of the General Control Unit, the financial deficit in India was contained at 5.98 rupees between April and August, amounting to 38.1 % of the full year’s goal. This was slightly higher than 4.35 router row crows or 27 % of the last financial budget estimates in the same period.

The net tax revenue reached 8.1 rupees in the first five months of the fiscal year 26 or 28.6 % of the budget estimates, while revenue receipts are 36.6 % of the full general goal. The total receipts reached 12.82 rupees between April and August 2025, amounting to 36.7 % of the full general goal. Total spending in this period was slightly higher at 18.8 rupees or 37.1 % than Be.

Analysts have reported that clear income tax groups have decreased as anxiety, and they have also indicated that the discounts in commodity and services tax rates may lead to more losses in revenue. Between April and August 2025, net income tax groups reached 4.4 crores, which were 2.5 % less than 4.52 crores a year ago.

“Even with the improvement of the income tax growth rate probably improved from September to March, we expect about 2 rupees to Cham, on this front. This will not be partially compensated except through an estimated 30,000 rupees in performance in exchange for the budget budget goal of corporate tax,” said the Barclays India report.

“The financial deficit path takes high ice this year. April 2025 The direction of the financial deficit indicates a real risk of slipping. Although revenues exceed the rationalization of commodity and services tax rate and stumbling the rate of nominal GDP growth to add this anxiety.

Devendra Pant, India Ratings & Research, also noted that the government’s financial position is at a decisive turn.

“While steps such as reducing income tax and rationalizing the rate of commodity and services tax are aimed at increasing demand for consumption, high loans and progress aims to provide support for the request to invest in the economy. The financial account depends that there is any officer in obtaining a request from the products that are compatible with it, there will be a sensation in addition to what is due to that. Welcome.”

He also pointed out that the Central GST Group until August 2025 grew by 5.2 % against the budget budget growth by 11.3 %.

MADAN Sabnavis, chief economist, Barouda Bank indicated that the highest financial deficit between April and August 2025 towards a year ago due to two workers. The first is that due to the elections, government spending was restricted in the first quarter of last year. Second, this year, spending was within the goals, but revenues were slower.

He pointed out that “it seems that the goal of the general financial deficit will be kept as shown also from the borrowing calendar for the second half of the year.”

The center plans to plans to borrow 6.77 rupees in the second half of the fiscal year and reduced the borrowing plan by 10,000 rupees, with the total borrowing in the fiscal year 26 to 14.72 Rs.