Going forward, the thrust will be on improving the quality of public spending, while at the same time, strengthening the social security net for the poor and the needy. "This approach would help further strengthen the nation's macro-economic fundamentals and ensure overall financial stability," the ministry said.
The comments were part of the ministry's statement on "Half Yearly Review of the Trends in Receipts and Expenditure" in relation to the Budget at the end of the first half of FY25.
The Union Budget for the upcoming financial year, FY26, will be presented in Parliament on February 1, 2025. For the current financial year, the government has pegged a fiscal deficit target of 4.9% as a percentage of the gross domestic product (GDP). But analysts say the actual figure could be slightly lower due to low spending on capex.
The ministry further said that the Budget for FY25 was presented in the backdrop of global uncertainties caused by the wars in Europe and West Asia.
Denne historien er fra December 24, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 24, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Golden Globes: The Brutalist, Emilia Perez grab top honours
THE BRUTALIST, THE story of a Holocaust survivor who chases the American dream, and musical thriller Emilia Perez took home the first major movie honours of Hollywood's awards season at the Golden Globes.
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
Top IITs See a Drop in Campus Placements
• More students likely getting jobs independently
US set to lift curbs on Indian nuclear entities
EYEING DEEPER ENERGY TIES
Consent manager framework a key Big Tech concern
CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
Banks, NBFCs see hit to...
THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.
Eight jawans among 9 killed in Naxal attack
IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.
Cautious outlook for auto companies in Q3
● No segment shows growth except tractors
