Key Points
New Delhi: The Indian government's fiscal deficit, or the gap between spending and receipts met through borrowings, crossed 6 trillion, or a third of the 17.9 trillion estimated in the union budget for FY24, data from the Comptroller General of Accounts (CGA) showed on Thursday...
Fiscal deficit stood at 33.9% of the full year target, aided by strong tax and non-tax revenue receipts..
The Centre's revenue deficit, or gap between revenue receipts and revenue spending, stood at 3 trillion up to end of July, accounting for 35% of the full year target..
The central government collected 5.8 trillion in tax revenue up to July, accounting for a quarter of the 23.3 trillion full year target..
While corporate tax collection of 1.76 trillion up to July end was a tad lower than the amount collected in the same time a year ago, personal income tax collection of 2.57 trillion and central goods and services tax (CGST) collection of 2.73 trillion exceeded the amounts collected from these sources in the same period a year ago..
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