Yogi govt unveils ₹7.36 lakh cr Budget for FY25
Total outlay for upcoming fiscal includes new schemes worth ₹24,863.57 cr; allocation under destitute women pension doubled.
Total outlay for upcoming fiscal includes new schemes worth ₹24,863.57 cr; allocation under destitute women pension doubled.
Accounts for 33% of total revenue receipts in FY23
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.
June fiscal deficit at ₹1.48 lakh cr. During April-March last year, fiscal deficit was ₹2,74,245 cr, 18.2% of FY22 target
Anti-evasion actions by tax authorities coupled with a digital push boosted GST collections, while high fuel taxes have added to the exchequer's revenues.