10 months, 3 weeks ago
Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
The HinduThe revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh crore or 55 per cent of the annual Budget target at December-end 2023. The fiscal deficit was estimated to be at Rs 17.86 lakh crore or 5.9 per cent of the GDP for 2023-24. The Finance Minister proposed to raise capital expenditure outlay in the interim Budget 2024-25 by 11.1 per cent to ₹11.1 lakh crore — 3.4 per cent of the GDP.
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