Centre's FY22 fiscal deficit at 6.7% vs revised estimates of 6.9%

April saw revenue surplus of Rs 591 crore

The Union government’s fiscal deficit for FY22 came in at Rs 15.86 trillion, or 99.7 per cent of the Revised Estimates (RE) of 15.91 trillion, on the back of higher tax revenues and contained capital expenditure, data released by the Controller General of Accounts (CGA) showed on Tuesday.

As a percentage of GDP, fiscal deficit stood at 6.7 per cent compared with RE of 6.9 per cent.

The CGA also released figures for April, the first month of FY23. Fiscal deficit for the month stood at Rs 74,846 crore, or 7 per cent of the FY23 Budget Estimate (BE) of Rs 16.6