Team Blitz India
NEW DELHI: The Government’s fiscal deficit at Rs 15 lakh crore at February-end touched 86.5 per cent of the revised annual target, according to official data released on March 28.
In the corresponding period last year, the fiscal deficit — or gap between the expenditure and revenue — was 82.8 per cent of Revised Estimates (RE) of the Union Budget 2022-23.
For 2023-24, the Government’s fiscal deficit is estimated at Rs 17.35 lakh crore or 5.8 per cent of the GDP.
The Central Government received Rs 22.45 lakh crore (81.5 per cent of RE 2023-24 of total receipts) up to February comprising Rs 18.49 lakh crore tax revenue (net), Rs 3.6 lakh crore of non-tax revenue and Rs 36,140 crore of non-debt capital receipts, showed data released by Controller General of Accounts (CGA).
