Times of IndiaLean R·
GST rate cuts slow down Q1 tax collection growth
The Centre's fiscal deficit reached eighteen percent of its annual estimate during the first quarter. Tax revenue saw a modest increase, while capital expenditure rose significantly. Revenue expenditure also experienced a notable rise, driven by subsidies. Increased fertilizer and fuel subsidies were largely due to global price surges. Future fiscal health depends on West Asia conflict duration and energy price stability.
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