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CAG report flags holes in Centre's fiscal math
Mint Mumbai
|July 22, 2025
India's national auditor, Comptroller and Auditor General of India (CAG), has flagged several fiscal inconsistencies in the Union government's compliance with the Fiscal Responsibility and Budget Management (FRBM) Act, including a substantial ₹21.3 trillion in unrealized tax revenues at the end of 2022-23.
The CAG's latest report, presented in Parliament on Monday, comes at a time when the government has committed to reducing India's fiscal deficit to below 4.5% of gross domestic product (GDP) by 2025-26, as reiterated in recent medium-term
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