Budget 2024 focuses on capex in defence and technology sectors
after close1 source ↓written by the desknot a recommendation
The Budget 2024 aims to increase capex in total government expenditure, particularly in advanced technology sectors like AI, space, and robotics. EY Economy Watch anticipates achieving a fiscal deficit target of 4.4% of GDP despite revenue shortfalls, emphasizing the need for continued fiscal consolidation to promote private investments. 💼
• Focus on advanced technology sectors
• Capex increase expected to drive growth
• Fiscal deficit target remains achievable
This strategic shift may enhance investor sentiment in related sectors.
Not investment advice. For informational purposes only.