Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore
In absolute terms, the fiscal deficit hit ₹14.54 lakh crore in the first 11 months of FY23, against Rs 13.17 lakh crore a year earlier. Net tax revenues grew at a healthy pace of 17% until February this fiscal year, blunting the impact of a 20% drop in non-tax revenues, a 9% increase in revenue spending and a 22% rise in capital expenditure.
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