The central government's fiscal deficit stood at Rs 3.52 lakh crore in April-June, accounting for 21.2 percent of the full-year target, data released on July 29 by the Controller General of Accounts showed.
The fiscal deficit in the first three months of FY22 was Rs 2.74 lakh crore. As such, the fiscal deficit in the first quarter of the current financial year is 28.3 percent higher on a year-on-year basis.
The fiscal deficit for April-June 2021 had accounted for 18.2 percent of the FY22 target.
The Centre is targeting a fiscal deficit of Rs 16.61 lakh crore for FY23, or 6.4 percent of GDP.
On the whole, total receipts for April-June were 8.9 percent higher compared to last year.
|KEY HIGHLIGHTS OF CENTRE'S FINANCES FOR APRIL-JUNE (in Rs lakh crore)|
|APR-JUN||% CHANGE YoY||% OF BUDGET TARGET|
|Net tax revenue||5.06||22.6%||26.1%|