Indian Economy Current Affairs Analysis
Tax collection up, State sees marginal rise in total revenue receipts.
State’s Own Tax Revenue increased about 5.47% till August.
Finance Minister Thennarasu to present first supplementary Budget estimates for 2023-24 as Assembly session begins today
In the State Budget for 2023-24, the total revenue receipts was projected to be ₹2,70,515.23 crore
The State’s revenue expenditure stood at ₹1,10,582.31 crore in 2023-24 (till August).
The State Budget Estimate- a revenue expenditure of ₹3,08,055.68 crore for 2023-24.
The fiscal deficit — the difference between total receipts and total expenditure — stood at ₹33,142.75 crore till August in 2023-24.
Budget Estimate of fiscal deficit : ₹92,074.91 crore for 2023- 24, which is 3.25% of the Gross State Domestic Product.
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