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Fiscal deficit at 12.3% of target in April-May
Financial Express Mumbai
|July 01, 2022
THE CENTRE'S FISCAL deficit stood at 12.3% of the full-year Budget estimate (BE) in AprilMay of the current financial year compared with 8.2% in the year-ago period, due to a rise in expenditure while non-tax revenues declined substantially on year.
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The data released by the Controller General of Accounts on Thursday put the Centre's fiscal deficit for April-May of FY23 at ₹2.04 trillion or 65.6% higher than in the first two months of last fiscal.
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