Key Points
New Delhi, Mar 28 (PTI) The governments fiscal deficit at Rs 15 lakh crore at February-end touched 86.5 per cent of the revised annual target, according to official data released on Thursday...
For 2023-24, the governments fiscal deficit is estimated at Rs 17.35 lakh crore or 5.8 per cent of the GDP...
The central government received Rs 22.45 lakh crore (81.5 per cent of RE 2023-24 of total receipts) up to February comprising Rs 18.49 lakh crore tax revenue (net), Rs 3.6 lakh crore of non-tax revenue and Rs 36,140 crore of non-debt capital receipts, showed data released by Controller General of Accounts (CGA)...
Commenting on the CGA data, Aditi Nayar, Chief Economist at ICRA, said in April-February 2023-24, the net tax revenues rose 7 per cent, non-tax revenues expanded 45 per cent boosted by the Reserve Bank of India (RBI) dividend, amidst a mild 1 per cent growth in revenue expenditure, and a robust 36.5 per cent year-on-year expansion in capex...
While there may be some slippage in the disinvestment target, ICRA does not expect the revised fiscal deficit target of Rs 17.3 lakh crore for FY24 to be breached, she said.. Vivek Jalan, Partner, Tax Connect Advisory, a multidisciplinary tax consultancy firm, said of the total budgeted tax revenue of Rs 23.3 lakh crore, the revenue achieved till February 2024 is Rs 18.5 lakh crore...
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