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Centre's fiscal deficit hits 12.3% of full-year target in April-May period

Non-tax revenue came in at Rs 49,251 crore, or 18.3 per cent of the full year target of Rs 2.69 trillion, compared with 48 per cent for the same period last year

Topics
Fiscal Deficit | Indian Economy | non tax revenue

Arup Roychoudhury  |  New Delhi 



fiscal deficit, growth, revenue, tax, economy
Illustration: Ajay Mohanty

The Centre’s for the first two months (April-May) of FY23 came in at Rs 2.04 trillion, or 12.3 per cent of the Budget Estimate of Rs 16.6 trillion, compared with 8.2 per cent for the same period last year, primarily on the back of lower non- and higher capital expenditure.

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First Published: Thu, June 30 2022. 21:17 IST

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