Finance Minister Nirmala Sitharaman To Meet PSB Heads:  Here Are The All The Details That You Need To Know

The fiscal deficit was at Rs 3.2 lakh crore or 21.3 per cent of the total yr’s Budget Estimate (BE) which was Rs 15.07 lakh crore in July, mentioned the Union Government, on Tuesday.  

While speaking concerning the month of June, it stood at Rs 2.74 lakh crore (18.2 per cent) of the total yr’s BE. According to the Centre, as of July 2022, complete receipts are at Rs 6,83,297 crore (34.6 per cent) of BE 2021-22. 

It included Rs 5,29,189 crore tax earnings, Rs 1,39,960 crore of non-tax earnings and Rs 14,148 crore of non-debt capital receipts. A complete quantity of Rs 5,777 crore (non-debt capital) consisted of restoration from the loans and disinvestment of Rs 8,371 crore.

The Union Government has transferred a complete quantity of Rs 1,65,064 crore to state governments as a share of taxes as of July 2021, mentioned the Ministry of Finance. 

Talking concerning the complete expenditure by the federal government, it stood at Rs 10,04,440 crore (28.8 per cent of BE within the yr 2021-22. Meanwhile, out of Rs 10,04,440 crore of the quantity, Rs 8,76,012 crore was on the income account and Rs 1,28,428 crore was on the capital account, knowledgeable the Ministry. 

Meanwhile, Prime Minister Narendra Modi led Union Government has earlier mentioned that it expects the overall debt as a share of GDP to stand up from 60.5 per cent (provisional) within the earlier Fiscal Year (FY) to 61.7 per cent (provisional) within the FY 2021-22. 

Leave a Reply

Your email address will not be published. Required fields are marked *