Capex contracts in Oct, revenue expenditure picks up pace, shows CGA data

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Capex contracts in Oct, revenue expenditure picks up pace, shows CGA data - Business Standard

Quick Summary:

Experts feel that the government is likely to miss the target of Rs 11.

Net tax revenues for April-October FY25 rose by 0.2 per cent Y-o-Y, on account of additional devolution of taxes, while non-tax revenues expanded by 50 per cent, boosted by the RBI dividend.

Currently, the guidelines stipulate ministries not to exceed 33 per cent of their Budget Estimates for the March quarter and 15 per cent of the last month of the financial year.