Fiscal deficit narrows to 0.8% of full-year target at May-end, boosted by RBI dividend payout: CGA

India’s fiscal deficit dramatically decreased to 0.8% of the annual target by May 2025, primarily due to a record dividend of Rs 2.69 lakh crore from the RBI. Total government receipts reached Rs 7.32 lakh crore, while expenditures totaled Rs 7.46 lakh crore, including significant allocations for interest payments and subsidies.