https://www.taxtmi.com/news?id=45259 The central government achieved the fiscal deficit target for FY2024 25 per provisional CGA data: receipts were marginally below revised estimates while total expenditure closely tracked revised estimates, with an overshoot in capital expenditure and savings in revenue expenditure. Interest payments and major subsidies comprised substantial revenue outlays. Non debt capital receipts included loan recoveries and miscellaneous receipts. The government increased devolution of share of taxes to states year on year, and an upward revision in nominal GDP aided meeting deficit and debt to GDP targets. en-us Fri, 30 May 2025 19:01:05 +0530 Fri, 30 May 2025 19:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45259 The central government achieved the fiscal deficit target for FY2024 25 per provisional CGA data: receipts were marginally below revised estimates while total expenditure closely tracked revised estimates, with an overshoot in capital expenditure and savings in revenue expenditure. Interest payments and major subsidies comprised substantial revenue outlays. Non debt capital receipts included loan recoveries and miscellaneous receipts. The government increased devolution of share of taxes to states year on year, and an upward revision in nominal GDP aided meeting deficit and debt to GDP targets. News - Fri, 30 May 2025 19:01:05 +0530 https://www.taxtmi.com/news?id=45259