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

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

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Total expenditure of Rs 31.67 trillion during April-January FY23 is 75.7 per cent of RE, compared with 74.5 per cent for the same period in the preceding year

Nikesh Singh New Delhi
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

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First Published: Feb 28 2023 | 8:59 PM IST

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