Question
India's fiscal deficit between April and October in the
current financial year (FY24) touched 45 per cent of the Centre's 2023-24 target of Rs 17.87 trillion. How much did the revenue gap come out to be in the current year?Solution
India's fiscal deficit between April and October in the current financial year (FY24) touched 45 per cent of the Centre's 2023-24 target of Rs 17.87 trillion. In the corresponding period last year, the deficit was 45.6 per cent of the budget estimates for 2022-23. According to the latest estimates, the revenue gap was Rs 2.8 trillion, as compared to Rs 3.85 trillion in the same period last year. The government spending jumped to Rs 23.94 trillion, higher as compared to Rs 21.44 trillion earlier.
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