Apr-Jan fiscal deficit widens to ₹11.91 lakh cr; 67.8% of Budget estimates
As per India Ratings and Research, the government will be able to meet the fiscal deficit target set forth in the Budget 2022-23 on higher tax collections
As per India Ratings and Research, the government will be able to meet the fiscal deficit target set forth in the Budget 2022-23 on higher tax collections
Govt recently told Parliament the fiscal deficit in H1 FY23 remained significantly lower than the moving average of the last five years on the back of tax buoyancy.
The spike in the deficit number is majorly due to the transfers made to the states in the month of February.