INSUBCONTINENT EXCLUSIVE:
The central government in the first 10 months of FY23 used up 67.8 per cent of the full-year fiscal deficit target of Rs 17.55 trillion
under the Revised Estimates (RE), official data showed on Tuesday
For the year-ago period, the figure was 58.9 per cent.
From April-January, the Centre spent 78.3 per cent of the Rs 7.3 trillion capex
target for FY23, against 73.4 per cent a year ago
Revenue expenditure for April-January was 75.1 per cent of FY23 RE of Rs 34.59 trillion, and 9.7 per cent higher than expenditure outlay
(RE) for the same period last year
ICRA, said monthly capex in January was higher than the average for the previous nine months
expenditure of Rs 31.67 trillion during April-January FY23 is 75.7 per cent of RE, compared with 74.5 per cent for the same period in the
Net tax revenue for the April-January FY23 period came in at Rs 16.9 trillion, 9.1 per cent higher than the amount gathered during the same
Nayar said the amount to be devolved to states in February-March FY23, based on RE, is 21 per cent less than the transfer of Rs 3.5 trillion
in the last two months of FY22, which will boost net tax revenues.
Sunil Kumar Sinha, principal economist, India Ratings - Research, said
higher expenditure and lower revenue as a proportion of FY23 (RE), compared to FY22, may put pressure on government finances
