Centre confident of meeting fiscal deficit target for FY23: Report

Centre expects the gross tax revenue to be "at least" Rs 3-3.5 trillion above the FY23 target of Rs 27.6 trillion

On the back of healthy revenues, the Centre expects to meet or even do better than the fiscal deficit target of the current financial year (FY23). According to an Economic Times (ET) report, a higher nominal gross domestic product (GDP) growth and under-utilisation of funds by several ministries will provide the government with the required cushion. The fiscal deficit target for FY 23 has been pegged at 6.4 per cent.