Fiscal Deficit at 3.5 Lakh cr in Q1, 21.2% of FY23 Target

Tax revenues at the end of the first quarter stood at ₹5.06 lakh crore, 22% higher than the same quarter last year. Non-tax revenues contracted by 51.2% in the same period due to 69.4% lower surplus transferred by the RBI to the Centre, pulling down the overall revenue receipts that grew by a tepid 5.2%.

from Banking/Finance-Industry-Economic Times https://ift.tt/qcNTvGi