Page 47 - Controller General News Today

The Centre's fiscal deficit during the month of April 2023, which is the first month of the current fiscal, came in at Rs 1.34 lakh crore.

In absolute terms, the central governments fiscal deficit in 2022-23 was Rs 17.33 lakh crore as against the revised estimate of Rs 17.55 lakh crore.

The Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.

In the Union Budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on February 1, the fiscal deficit target for 2023-24 was pegged at 5.9 per cent of the GDP.

Indias fiscal deficit for the financial year ended on March 31 has reduced to 6.4% of the gross domestic product due to robust tax receipts and lower payments. The fiscal gap was set to 6.4% of GDP, compared to 6.7% in the previous fiscal year, and the government met its target, revealing a narrower gap than expected. , Economy News, Times Now

In the Union Budget, the government aimed to further bring down the fiscal deficit -- a key indicator of borrowing -- during the current financial year 2023-24 to 5.9 per cent of the gross domestic product

India GDP Q4 Growth: Indian economy grew by 4.4 % in October-December 2022 compared to 11.2 % year ago.

The government's fiscal deficit moderated slightly to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in the corresponding period, according to the revenue-expenditure data released on Wednesday.The Controller General of Accounts (CGA) ...

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