Fiscal Deficit
Centre's fiscal deficit touches 59 pc of full-year target in Nov end
New Delhi/IBNS: Centre’s fiscal deficit at the end of November touched 59 percent of the full-year budget target, showed the data released by the Controller General of Accounts (CGA) on Friday.
Fiscal deficit, defined as the difference between expenditure and revenue, stood at Rs 9,78,154 crore during the April-November period of 2022-23.
During the same period in 2021-22, the deficit stood at 46.2 percent of the budget estimates for 2021-22.
According to experts, India’s nominal GDP is expected to overshoot in FY23 by approximately $22 lakh crore, and fiscal deficit as a percentage of GDP will be either lower than Budget estimates of 6.4 percent or slightly above it.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
