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Centre's fiscal deficit in H1 touches 37.3% of full-year target

The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23

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Net tax revenue for H1FY23 was Rs 10.12 trillion or 52.3 percent of FY23 BE compared with 59.6 trillion in H1FY22

3 min read Last Updated : Oct 31 2022 | 11:34 PM IST

The Centre’s fiscal deficit for the first half (H1) of the current fiscal year (April-September of FY23) came in at Rs 6.20 trillion, or 37.3 per cent of the full-year Budget Estimate (BE) of Rs 16.6 trillion, according to the data released by the Controller General of Accounts (CGA) on Monday.

This compares with a Budget balance of Rs 5.27 trillion, or 35 per cent of the full-year target for April-September of last year. The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23.

For H1, while capital expenditure outlay was strong

Topics : Fiscal Deficit Tax Revenue Reserve Bank of India India GDP central government LIC IPO Tax collections Bank of Baroda PSU revenue department Expenditure

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