The Centre is expected to close the year with higher than budgeted tax collections during 2022-23, marking the second straight fiscal year of the actual collections being more than the Budget estimates. During the last 22 years, there have been only two occasions – 2006-07 to 2007-08 and 2015-16 to 2017-18 – when the actual collections have been more than the Budget estimates (BE) during successive years.
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