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
Budget 2023 is credit positive for renewable energy companies, cement and steel producers, oil marketing companies and automakers, says Moody's.
The fiscal deficit for 2023-24 is estimated at 5.9% of the GDP, says Finance Minister Nirmala Sitharaman.
The Economic Survey says the government's prudent and calibrated fiscal response enabled stable public finances even amidst the present uncertainties.
The higher-than-budgeted nominal GDP would help in meeting the target for revenue and fiscal deficit at 3.8% and 6.4% of GDP, says India Ratings and Research.
The Centre earned only ₹12,037 crore from offloading equity holdings, merely 15% of the budgeted disinvestment target of ₹78,000 crore for FY22.