New Delhi, Sep 29 (IANS) India’s fiscal deficit for the five-month period from April to August stood at Rs 5.98 lakh crore, which represents 38.1 per cent of the government’s full-year target for the financial year 2025-26, official data released on Tuesday showed.

This indicates that the fiscal deficit is well under control and on its declining glide path, with the economy growing on a stable path.

Net tax receipts during the period stood at Rs 8.1 lakh crore, which was a tad lower than Rs 8.7 lakh crore collected in the same period of the previous financial year. Non-tax revenue, however, jumped to Rs 4.4 lakh crore during April-August, from Rs 3.3 lakh crore in the same period last year.

Total government expenditure increased to Rs 18.8 lakh crore, compared with Rs 16.5 lakh crore in

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