THE CENTRE'S FISCAL deficit came in at 63.6% of the revised estimate (RE) in the first 10 months of FY24 compared with 67.8% of the respective target in the year-ago period. This is largely due to a decline in spending in January while tax revenues remained on track.
While net tax revenues rose by 11.3% on year in April-January of FY24, exceeding the required growth rate of 10.8% to achieve the revised estimate of ₹23.2 trillion, the non-tax revenues expanded by 46% to 3.38 trillion (required rate 31%) on the back of the robust RBI dividend.
The capital expenditure growth has come in at 26.5% on-year expansion in April-January FY24, a bit lower than the required growth rate of 29% to meet the revised estimate of ₹9.5 trillion.
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