Budget 2023: Revenue Challenges Preclude Meaningful Budget Tweaks
Unless government improves its tax revenue performance, and meets its disinvestment targets, there will be a shortfall.
tax revenue
January 2023
July 2022
May 2022
April 2022
February 2022
January 2022
Fiscal deficit for Apr-June at 3.5 lakh cr; 21% of FY23 target
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
GST unlikely to boost tax revenue of states: India Ratings
The data available so far does not instil confidence with respect to GST achieving or is on course to achieve its key objectives, says India Ratings & Research.
Centre's gross tax revenue up 34% to ₹27.07 lakh crore in FY22
Revenue secretary Tarun Bajaj says gross tax collections soared to a record high of ₹27.07 lakh crore in FY22.
Budget 2022: A Snapshot
Finance minister has gone for a sharp rise in capital expenditure to get the economy going while cutting down on subsidies and some social sector schemes.
Budget 2022: GST, oil drive govt revenue
Anti-evasion actions by tax authorities coupled with a digital push boosted GST collections, while high fuel taxes have added to the exchequer's revenues.
