Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report
2 years ago

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report

ABP News  

The Narendra Modi government is expected to remain on the path of fiscal consolidation in the last full Budget before the 2024 elections. According to the survey, more than 80 per cent of the economists said that fiscal consolidation was likely to be the dominant theme in the budget to be announced on February 1. But the pandemic severely affected the government's finances, pushing the fiscal deficit for 2020-21 to a record 9.3 per cent of gross domestic product, significantly higher than the budgeted 3.5 per cent, the report said. On Tuesday, Finance Minister Nirmala Sitharaman said that despite external shocks and global uncertainties, it intends to meet the fiscal deficit target of 4.5 per cent of GDP by the end of the year 2025-26. The survey of economists said that economic growth is likely to slow to an annual 4.6 per cent in the December quarter from 6.3 per cent reported in the preceding quarter.

History of this topic

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
2 weeks, 3 days ago
Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
3 months ago
Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months ago
Budget 2024: The Indian middle class expected more
5 months ago
India’s Modi focuses on jobs creation in first budget after winning polls
5 months ago
Budget 2024: Modi govt reduces fiscal deficit target to 4.9 per cent of GDP for FY25
5 months ago
Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months ago
Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months ago
Budget 2024: What Will Get Cheaper and What Will Get More Expensive? Hear from Experts | ABP News
5 months ago
Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months ago
A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation
5 months ago
Nirmala Sitharaman's upcoming Budget: What to expect
5 months, 1 week ago
Modi Meets Economists Ahead of Crucial Union Budget
5 months, 1 week ago
Budget 2024: PM Modi meets economists ahead of Budget
5 months, 1 week ago
Can Budget factor in political capital and global headwinds?
5 months, 2 weeks ago
First Union Budget of Modi 3.0 to be presented on July 23, tweets minister Kiren Rijiju
5 months, 2 weeks ago
Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago
India's fiscal consolidation likely to become challenging with coalition government: Fitch
6 months, 2 weeks ago
The budget does well on both the big Cs: Capex and consolidation
10 months, 2 weeks ago
Poll posture: On the 2024 Interim Budget
10 months, 3 weeks ago
Interim budget 2024-25: Govt stays the course on fiscal consolidation path
10 months, 3 weeks ago
How FM struck a fiscal chord: Story of Budget in nine charts
10 months, 3 weeks ago
Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago
Budget 2024: No major change in prices; Check list of what’s cheaper & dearer
10 months, 3 weeks ago
Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago
Budget 2024 Highlights: Delhi Minister Atishi slams ‘jumla govt’
10 months, 3 weeks ago
Interim Budget 2024: How is the interim Budget different from the Annual Budget?
10 months, 3 weeks ago
Income Tax Budget Highlights: Salaried class 'disappointed,' says this expert
10 months, 3 weeks ago
Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget
10 months, 3 weeks ago
Budget 2023: Key terms in the budget explained
10 months, 3 weeks ago
Budget 2024: Will middle class have anything to cheer?
10 months, 3 weeks ago
Populist measures may be missing from Budget 2024. Here's why
10 months, 3 weeks ago
Budget 2024: What to expect from government's pre-election budget
10 months, 3 weeks ago
Budget 2024: 5 key changes we can expect this year
10 months, 3 weeks ago
Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 1 week ago
Budget 2024: Key terms you should know before the announcement
11 months, 1 week ago
Interim Budget 2024: Date, time, all you need to know
11 months, 1 week ago
Budget 2024: 5 essential questions for investors answered by Goldman Sachs
11 months, 1 week ago
Interim budget 2024: India aims to lower budget deficit, raise capex by 20%
11 months, 1 week ago
Budget 2024: Govt will continue to incentivise manufacturing and infra, says Nimesh Chandan of Bajaj Finserv AMC
1 year ago
Will there be any major announcement in 2024 general budget? Finance Minister has THIS to say
1 year ago
Finance Ministry initiates Budgetary exercise for 2024-25
1 year, 3 months ago
Govt meets 6.4% fiscal deficit target for FY23
1 year, 6 months ago
Budget 2023: A big boost for jobs
1 year, 10 months ago
Budget 2023 needs to viewed from lens of Amrit Kaal and long term aspirations set by PM Modi
1 year, 10 months ago
Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago
Decoding Budget 2023
1 year, 10 months ago
Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago
Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?
1 year, 10 months ago
Budget 2023: How states reacted to Modi government's last full-fledged budget ahead of LS polls
1 year, 10 months ago

Discover Related