THE CENTRE'S FISCAL deficit in the first eleven months of the current financial year stood at ₹15 trillion, accounting for just 86.5% of the full year's revised estimate (RE). The deficit was reined in despite higher devolution of taxes to states in February, data released on Thursday by the finance ministry showed.
In April-February of FY23, the Centre's fiscal deficit stood at 82.8% of the full year's target, which was finally met.
The Centre has set the fullyear's fiscal deficit target for FY24 at 17.3 trillion, or 5.8% of the gross domestic product (GDP), in the interim Budget tabled in Parliament on February 1, against the budget estimate (BE) of 5.9%.
With nominal GDP in the second advance estimate being slightly lower than the budgeted level, the deficit could inch closer to the BE.
The Centre's capex in the first 11 months of the current year grew 36.5% on year to ₹8.05 trillion, higher than 29% growth projected for the whole year. April-February capex stood at 84.8% of the RE.
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