Centre's fiscal deficit widens to 67.8% of revised full-year target

Govt capex stays strong, 29% higher in 10 months of FY23

The central government in the first 10 months of FY23 used up 67.8 per cent of the full-year fiscal deficit target of Rs 17.55 trillion under the Revised Estimates (RE), official data showed on Tuesday. For the year-ago period, the figure was 58.9 per cent.

From April-January, the Centre spent 78.3 per cent of the Rs 7.3 trillion capex target for FY23, against 73.4 per cent a year ago. Revenue expenditure for April-January was 75.1 per cent of FY23 RE of Rs 34.59 trillion, and 9.7 per cent higher than expenditure outlay (RE) for the same period last year. The Centre’s