Higher than estimated nominal GDP helped the Centre close 2023-24 with a fiscal deficit of 5.6% of GDP, beating the government's projection of 5.8% in revised estimates. Latest data shows encouraging fiscal deficit numbers for FY24.
The total supplementary demands for spending by the Ministry of External Affairs is Rs 20,000 crore, which would be adjusted against the reduction of expenditure of over Rs 9,000 crore.
Govt. seeks Parliament nod to spend additional ₹58,378 crore in current fiscal thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
The November 2023 collections are, however, lower than Rs 1.72 lakh crore mopped up in October the second-highest collection ever since the GST rollout.
GST collections rise 13%to Rs 1.72 lakh cr in October navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.