Published By: Business Desk
Last Updated: October 31, 2023, 16:42 IST
In the Union Budget, the federal government projected to convey down the fiscal deficit to five.9 per cent of the gross home product (GDP) within the present 2023-24 monetary 12 months.
In precise phrases, the fiscal deficit or the hole between expenditure and income labored out at Rs 7.02 lakh crore on the finish of September 2023
Central authorities’s fiscal deficit touched 39.3 per cent of the complete 12 months goal within the first half of the present monetary 12 months, barely increased than 37.3 per cent recorded within the year-ago interval.
In precise phrases, the fiscal deficit or the hole between expenditure and income labored out at Rs 7.02 lakh crore on the finish of September 2023, confirmed information launched by the Controller General of Accounts (CGA).
In the Union Budget, the federal government projected to convey down the fiscal deficit to five.9 per cent of the gross home product (GDP) within the present 2023-24 monetary 12 months.
The fiscal deficit was 6.4 per cent of the GDP in 2022-23 in opposition to the sooner estimate of 6.71 per cent.
The tax income was at Rs 11.60 lakh crore or 49.8 per cent of the annual goal. During April-September 2022-23, the web tax assortment was 52.3 per cent of that 12 months’s annual Budget Estimate (BE). Centre’s complete expenditure was Rs 21.19 lakh crore or 47.1 per cent of BE of 2023-24, marginally increased than 46.2 per cent of BE 2022-23.
(This story has not been edited by News18 employees and is revealed from a syndicated information company feed – PTI)
