<h1>Government on Track to Meet FY23 Fiscal Deficit Target of 6.4% GDP with Strong Tax Revenue Growth.</h1> The government is on track to meet its fiscal deficit target of 6.4% of GDP for FY23, supported by strong tax revenue growth. Between April and November 2022, gross tax revenue grew by 15.5% year-on-year, and GST collections increased by 24.8%. Direct taxes also saw a 26% rise due to corporate and personal income tax growth. Capital expenditure is set to rise to 2.9% of GDP in FY23, with significant allocations to infrastructure sectors. The government has reaffirmed its commitment to privatization and strategic disinvestment, while maintaining a stable public debt profile with low currency and interest rate risks.