Govt on track to meet FY23 fiscal deficit target of 6.4%: India Ratings
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 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 spike in the deficit number is majorly due to the transfers made to the states in the month of February.