Budget Watch: Centre expected to lower deficit target for FY23

New Delhi, Jan 19 Robust direct and indirect tax collections are expected to give enough headroom to the Centre to lower the fiscal deficit target for FY23.

Accordingly, industry watchers have estimated the FY23 fiscal deficit target to range from 5.8-6.4 per cent.

The FY22 deficit has been pegged at Rs 15.06 lakh crore.

"The Budget this year will be watched out for the pace of fiscal consolidation. The balancing factor for higher spending would be next year's divestment target, which could still be kept robust even as BPCL

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