The Centre’s price range spending in October rose 9.5% on year, soon after 26% decline observed in September and the price range estimate of 13.2% annual spending development for FY21.
The capex in October at Rs 31,519 crore was up 130% on year even although the April-October information showed a decline of 2%. With net tax income declining by about 16% on year in April-October, analysts see fiscal deficit far more than doubling from the budgeted level of Rs 8 lakh crore for FY21. The April-October fiscal deficit was 119.7% of the FY21 target.