Business Standard

Centre's revenue receipts rise just 5% to Rs 5.7 trillion in June quarter

April-June fiscal deficit at 21.2% of Budget Estimates


Non-tax revenue collections for Q1FY23 came in at Rs 62,160 crore compared with Rs 1.27 trillion for the same period last year

Arup Roychoudhury New Delhi
Amid the mounting burden of subsidies, the Centre’s revenue receipts rose just 5 per cent to Rs 5.7 trillion in the June quarter of FY23 as the surplus transferred by the Reserve Bank of India (RBI) to the Union government fell and the collection of Union excise duty and customs duty contracted during the period.

The data released by the Controller General of Accounts (CGA) on Friday showed the Centre’s fiscal deficit for the first quarter of FY23 (April-June) came in at 21.2 per cent of the full-year target on the back of strong capital expenditure and weak revenue receipts. The

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First Published: Jul 29 2022 | 5:24 PM IST

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