India Government’s April-August Financials Position Continues To Show Healthy, Upbeat Trend: CARE Ratings
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CARE Ratings Research Report
The Central government’s finances continued to show healthy and upbeat trend for the first five months (April-August) compared to the same period last year.
Fiscal deficit touched 31.1% of the annual target at end of August and was significantly lower than the last year’s figure of 109.3% for the same period.
Robust revenue realisation led by stronger-than-expected tax and non-tax collections coupled with calibrated expenditure so far has benefitted the government’s fiscal position.
Capital expenditure at 31% of the target also showed encouraging trend in line with the government’s push for infrastructure spending.
However, disinvestment realisations have been tepid with only 5% of the target achieved so far.
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