Central authorities’s fiscal deficit touched 39.3% of the total yr target in the first half of the present monetary yr, barely larger than 37.3% recorded in the year-ago interval.
In precise phrases, the fiscal deficit or the hole between expenditure and income labored out at ₹7.02 lakh crore on the finish of September 2023, confirmed knowledge launched by the Controller General of Accounts (CGA).
In the Union Budget, the federal government projected to carry down the fiscal deficit to 5.9% of the gross home product (GDP) in the present 2023-24 monetary yr.
The fiscal deficit was 6.4% of the GDP in 2022-23 in opposition to the sooner estimate of 6.71%.
The tax income was at ₹11.60 lakh crore or 49.8% of the annual target. During April-September 2022-23, the web tax assortment was 52.3% of that yr’s annual Budget Estimate (BE).
Centre’s whole expenditure was ₹21.19 lakh crore or 47.1% of BE of 2023-24, marginally larger than 46.2% of BE 2022-23.
