Fixed Income And Currency Market

16 Jan 2023

Fall in inflation may improve fiscal deficit target set by Union Government for FY23

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During Dec 22, consumer inflation continued down trend from previous month. Tax collection increased during Apr-Nov 22 as compared to previous fiscal year. Rise in tax collection and fall in inflation are likely to help the Union Government to achieve the fiscal deficit target of 6.4% of GDP for FY23. As the impact of the pandemic has been mitigated, the Government of India is likely to seek fiscal consolidation from here.

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Subhasis Mishra
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