- FISCAL DEFICIT AT 39% OF ANNUAL TARGET IN FIRST HALF
THE CENTRE'S FISCAL deficit was within a comfortable level at around 39.3% of the Budget Estimate (BE) in the first six months of the current financial year compared with 37.3% of the respective target in the year-ago period.
While net tax revenues, the largest of receipts, rose 15%, nontax revenues expanded 50% thanks to higher RBI dividend. This was amidst a 10% growth in revenue expenditure, and a robust 43% annual expansion in capex.
Revenue expenditure declined 4% to ₹3.3 trillion in September, whereas capex expanded by 29% to ₹1.2 trillion, the highest in any month in H1FY24.
This story is from the November 01, 2023 edition of Financial Express Mumbai.
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This story is from the November 01, 2023 edition of Financial Express Mumbai.
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