FINWIRES · TerminalLIVE
FINWIRES

India's Fiscal Deficit Stands at INR1.624 Trillion in May

By

The Indian government's fiscal deficit stood at 1.624 trillion rupees at the end of May, reaching 9.6% of the full-year Budget Estimate (BE), according to data from the Controller General of Accounts on Tuesday.

The latest reading was down from the deficit of 3.623 trillion rupees at the end of April, and compared with the deficit of 131.6 billion rupees in the year-ago period,

Total receipts in May stood at 7.187 trillion rupees, representing 19.7% of the annual target. Net tax revenue came in at 3.481 trillion rupees, or 12.1% of the BE, while non-tax revenue reached 3.509 trillion rupees, or 52.7% of the annual projection.

Meanwhile, total expenditure amounted to 8.81 trillion rupees, or 16.5% of the full-year budget projection.

Related Articles

International

Nearly Half of Australian Businesses Report Higher Operating Expenses Over Past Four Weeks, ABS Says

Almost half, or 46%, of businesses in Australia reported operating expenses had increased over the past four weeks, data from the Australian Bureau of Statistics showed Tuesday.The survey of business conditions and sentiments was conducted between June 4 and June 15 in order to ascertain changing business behavior and sentiments in response to fuel prices or availability impacted by the closing of the Strait of Hormuz.Fuel prices, which jumped 71%, and business overheads, which rose 65%, were reported as the main reasons for increased operating expenses. The report showed that 33% of businesses expected operating expenses to increase over the next four weeks, down 3 percentage points from May.Meanwhile, 24% of businesses reported they expected revenue to fall over the next four weeks, down 4 percentage points month-over-month, and 31% of businesses reported revenue had decreased over the previous four weeks in June.In June, 16% of businesses experienced supply chain disruptions, unchanged from May, with the agriculture, forestry, and fishing sector experiencing the most disruptions at 35%. This was followed by manufacturing at 28%, wholesale trade at 27%, and retail trade at 22%.ABS said 33% of these businesses were affected to a great extent by the disruptions, down 5 percentage points from May.Moreover, 73% of businesses reported fuel prices or availability had a negative impact on the business, up a single percentage point from May, while 58% of responding businesses made changes to business operations in June due to fuel prices or availability, down 2 percentage points month-over-month.Finally, 58% of businesses made changes to business operations, with 15% of these firms increasing prices in response to fuel prices or availability, data showed.

ASX 200
International

BRC: UK Shop Price Inflation Steady at 1.2% in June

The UK's shop price inflation was stable at 1.2% year over year in June, unchanged from a month ago, a survey by the British Retail Consortium showed Tuesday.The latest reading matched the consensus forecast for the month.

FTSE 100
International

Hong Kong Banks' Bad-Loan Ratio Falls in Q1 2026

The bad-loan ratio across Hong Kong banks declined in the first quarter of 2026, according to a quarterly update released by the Hong Kong Monetary Authority on Monday.The classified loan ratio of the banking sector decreased to 1.87% at the end of March from 2.01% at the end of December 2025, the HKMA said.The classified loan ratio for mainland-related lending also shrank to 1.79% from 1.94% a quarter earlier.The delinquency ratio of residential mortgages edged down to 0.13% from 0.14% in the prior quarter, while the delinquency ratio of credit card lending increased to 0.39% from 0.35%, figures showed.

Hang Seng