https://www.taxtmi.com/news?id=26167 The Government's fiscal strategy sets a medium term path of fiscal consolidation with a central budget year fiscal deficit target and a commitment to reduce the deficit below a medium term threshold. The budget quantifies projected receipts and expenditures, financing plans through market borrowings and other sources, projected tax revenue growth and improved tax to GDP and revenue receipt ratios. It also permits states a fiscal deficit ceiling with a portion tied to power sector reform and provides a long tenor interest free loan that must be used for capital expenditure, some of which is conditional on reforms and specified investment purposes. en-us Wed, 01 Feb 2023 14:23:42 +0530 Wed, 01 Feb 2023 14:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=26167 The Government's fiscal strategy sets a medium term path of fiscal consolidation with a central budget year fiscal deficit target and a commitment to reduce the deficit below a medium term threshold. The budget quantifies projected receipts and expenditures, financing plans through market borrowings and other sources, projected tax revenue growth and improved tax to GDP and revenue receipt ratios. It also permits states a fiscal deficit ceiling with a portion tied to power sector reform and provides a long tenor interest free loan that must be used for capital expenditure, some of which is conditional on reforms and specified investment purposes. News - Wed, 01 Feb 2023 14:23:42 +0530 https://www.taxtmi.com/news?id=26167