Muted tax collections have led to fiscal deficit in the first quarter widening to 25.3 per cent of the budgeted target as compared to 21.2 per cent reported in the corresponding period of the last year. Impressive non-tax revenue collections could ease some pressure owing to slowdown in tax collections.

Muted tax collection in Q1 of FY24 widened fiscal deficit, govt focus still on capex comes via ChinaTechNews.com.