THE CENTRE'S FISCAL deficit in April-November stood at ₹8.47 lakh crore, or 52.5% of the Budget estimate (BE), the finance ministry said in a release. In the first eight months of FY24, the fiscal deficit stood at 50.7% of the respective BE.
The Centre has pegged the fiscal deficit in FY25 at ₹16.13 lakh crore, or 4.9% of the GDP. Analysts expect the government to achieve its fiscal deficit target for the year despite a slightly lower nominal GDP growth, compared to the budgeted 10.5%.
This story is from the January 01, 2025 edition of Financial Express Lucknow.
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This story is from the January 01, 2025 edition of Financial Express Lucknow.
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