India's budget deficit reached 36% of the full-year target

India’s budget deficit reached 36% of the full-year target

In the initial five months of 2023–24, India’s budget deficit reached 36% of the full-year target, according to figures released by the central government on Friday…

View More India’s budget deficit reached 36% of the full-year target
The Centre intends to reduce its fiscal deficit from 6.4% of GDP in 2022-23 to 5.9% of GDP in 2023-24.

The Centre’s fiscal deficit rose to 25.3% of the full-year target due to rising capital expenditures and flat tax receipts

As capital expenditures surged and tax revenue remained flat between April and June of 2023, the Centre’s fiscal deficit grew to 25.3% of the full-year target.…

View More The Centre’s fiscal deficit rose to 25.3% of the full-year target due to rising capital expenditures and flat tax receipts