INDIA'S APRIL-DEC FISCAL DEFICIT GROWS TO RS 9.82 LAKH CRORE, 55% OF FY24 TARGET
The Business Guardian|February 01, 2024
The Government is likely to announce a fiscal deficit target of 5.3 per cent of GDP for FY25.
NIVEDITA MUKHERJEE
INDIA'S APRIL-DEC FISCAL DEFICIT GROWS TO RS 9.82 LAKH CRORE, 55% OF FY24 TARGET

The Government's fiscal deficit grew to Rs 9.82 lakh crore in T April-December, accounting for 55.0 per cent of the full-year target of Rs 17.87 lakh crore for the first nine months of the current financial year, ahead of the interim Budget for 2024-25 to be tabled by the Finance Minister Nirmala Sitharaman in Parliament on 1 February. The fiscal deficit is marginally lower than the Rs 9.9 lakh crore recorded in April-December FY2023.

As per data released by the Controller General of Accounts on Wednesday, while net tax revenues rose by 11 per cent, non-tax revenues expanded by 46 per cent on the back of the RBI dividend, amidst a marginal 2 per cent growth in revenue expenditure, and a robust 38 per cent yoy expansion in capex. The Government is likely to announce a fiscal deficit target of 5.3 per cent of GDP for FY25.

هذه القصة مأخوذة من طبعة February 01, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة February 01, 2024 من The Business Guardian.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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The Business Guardian

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