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The net direct tax collections for the financial year 2023-24 have clocked a double-digit growth to exceed the Union Budget Estimates (BE) by Rs 1.35 lakh crore or 7.4 per cent reflecting the strong fiscal position of the country
Recently, questions have emerged on the Centre's ability to meet its Budget targets for 2023-24 with nominal GDP growth slowing down
As per Controller General of Accounts (CGA) data, the government's capital expenditure stood at Rs 7.36 lakh crore 2022-23 against the budget target of Rs 7.5 lakh crore and revised estimate of Rs 7.28 lakh crore
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The session continues to focus upon budgets
The revised estimates for the current fiscal had projected direct tax collections of Rs 16.5 lakh crore, about 16.2 per cent higher than the initially budgeted target of Rs 14.2 lakh crore.