LOOSENING THE PURSE STRINGS

▶ Govt reviewed the June guidelines on expenditure control

▶ Several ministries and departments had been told to keep the overall expenditure within 20% of BE in Q2

▶ Spending stood at 29% in April-july on YOY basis

▶ To date, net direct tax mopup grew at over 74% in FY22

▶ August GST revenue was 30% higher than same month a year ago