Edited By: Mohammad Haris
Final Up to date: January 31, 2023, 17:05 IST
India’s fiscal deficit throughout April-December 2022 stood at Rs 9.93 lakh crore, or 59.8 per cent of the full-financial yr goal, in response to the most recent official information launched on Tuesday. Within the corresponding interval final yr, the deficit had stood at 50.4 per cent of the full-FY22 goal.
The fiscal deficit is the distinction between expenditure and income of the federal government.
In accordance with the most recent information from the Controller Basic of Accounts (CGA), the federal government’s complete expenditure throughout April-December 2022 stood at Rs 28.18 lakh crore, which is 71.4 per cent of the Price range Estimate 2022-23.
The federal government’s complete receipts stood at Rs 18.25 lakh crore, which is 79.9 per cent of the complete fiscal yr goal.
Tax and non-tax revenues had been 80.4 per cent and 79.5 per cent of the budgeted estimate, respectively, decrease than 95.4 per cent and 106.7 per cent within the year-earlier interval.
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