Budget 2024 targets fiscal deficit at 4.9% of GDP
pre-market1 source ↓written by the desknot a recommendation
- in the Interim
- 5.1%
- by 2025-26
- 4.5%
Union Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.9% for the current fiscal year, down from 5.1% in the Interim Budget. The government aims to reduce the deficit to below 4.5% by 2025-26, emphasizing fiscal consolidation. This commitment may enhance market confidence and stabilize borrowing costs.
Not investment advice. For informational purposes only.