The government has crossed 50 per cent of its budgeted target for capital expenditure, or the Rs 5-lakh-crore mark, so far in the ongoing financial year 2023-24, a senior government official said Monday, adding that overall trends in revenue and spending were along expected lines and the Centre should be able to meet its stated fiscal deficit target of 5.9 per cent of the gross domestic product.
“There is not much worry on the tax part. Overall receipts are fine and are expected to meet the budget target. As on date, receipts seem to be going as predicted. Expenditures are also as predicted. So, let me say that I don’t have any reasons to believe that we would not be meeting it (2023-24 fiscal deficit target), based on the information available to us now,” the official said, adding that the government is looking to maintain its glide path for fiscal consolidation.
Register to continue reading this story
Google
Facebook
Email
Already have an account? Sign in