According to data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit touched _______ of the full-year target of Rs 17.55 trillion at the end of February 2023.

Solution

  According to data released by the Controller General of Accounts (CGA), the central government’s fiscal deficit touched 82.8 per cent of the full-year target of Rs 17.55 trillion at the end of February 2023. On the capital expenditure front, the Centre spent 81.1 per cent of the Rs 7.3 trillion target for FY23, compared with 80.6 per cent during the corresponding period a year ago.      Revenue expenditure in the April-February period stood at 83.9 percent of FY23 Revised Estimate (RE) of Rs 34.59 trillion.    Total expenditure of Rs 34.93 trillion for April-February FY23 was 83.4 percent of the RE. Net tax revenue for the April-February FY23 period came in at Rs 17.32 trillion, about 17 percent higher than the corresponding period last year.