Budget 2024: Non-Tax Revenue Still Below FY20 Levels
Rise after a 28% fall in FY23
Rise after a 28% fall in FY23
Both interest receipts and dividends and the profit of the central government are expected to decline in FY23 by 16% and 29%, respectively.
Govt recently told Parliament the fiscal deficit in H1 FY23 remained significantly lower than the moving average of the last five years on the back of tax buoyancy.
June fiscal deficit at ₹1.48 lakh cr. During April-March last year, fiscal deficit was ₹2,74,245 cr, 18.2% of FY22 target