The fiscal deficit in the same period last year was 11.8 per cent of the budget estimates. Higher tax revenue and the RBI dividend transfer of ₹2.1 trillion have kept the revenue receipts high at 19 per cent of the budgeted estimates for April-May FY25 period, compared to around 15 per cent in the corresponding period last year.
"The revenue upside seen from non-tax, and to a smaller extent, tax receipts suggests headroom to both boost expenditure and target a faster fiscal consolidation than what was pencilled in to the Interim Budget for FY25," Aditi Nayar, Chief Economist, ICRA said.
Denne historien er fra June 29, 2024-utgaven av Business Standard.
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Denne historien er fra June 29, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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