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Union Budget 2024 fiscal deficit target: Will FM Sitharaman prioritise fiscal responsibility once again?

IndiaTimes Tuesday, 9 January 2024
India's finance ministry targets reducing the fiscal deficit to 4.5 percent by FY26. Analysts anticipate Sitharaman to uphold the government's focus on infrastructure spending in the Interim Budget 2024. The government anticipates a 7.3 percent growth in the Indian economy for the current financial year, with private investment projected to grow by 10.3 percent. There is speculation that the government might revise the budget deficit target for FY25 to 5.2 percent of the GDP. Concerns have been raised about the increased government expenditure on capital expenditure.
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