Centre may peg FY26 fiscal deficit at below 4.5% of GDP
Financial Express Mumbai|December 24, 2024
THE CENTRAL GOVERNMENT is committed to pursuing the glide path of fiscal consolidation, as announced in the Budget for FY22, and to attain a level of fiscal deficit "lower than 4.5%" of the GDP by FY26, the finance ministry said.
FE BUREAU

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.

This story is from the December 24, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 24, 2024 edition of Financial Express Mumbai.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM FINANCIAL EXPRESS MUMBAIView All
Financial Express Mumbai

Shyam Benegal cremated with full state honours

VETERAN FILMMAKER SHYAM Benegal, the pioneer of the parallel cinema movement in Indian cinema in the 1970s and 1980s, was cremated on Tuesday with full state honours and a three-gun salute.

time-read
1 min  |
December 25, 2024
Financial Express Mumbai

Champions Trophy: India to play Pakistan on Feb 23

INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.

time-read
1 min  |
December 25, 2024
Net gains: Secured Virat, cautious Rohit gear up
Financial Express Mumbai

Net gains: Secured Virat, cautious Rohit gear up

INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.

time-read
1 min  |
December 25, 2024
A middle-class meltdown
Financial Express Mumbai

A middle-class meltdown

Economic shift, stagnating real income post Covid weigh on spending on daily items

time-read
3 mins  |
December 25, 2024
EAM in US to boost bilateral ties
Financial Express Mumbai

EAM in US to boost bilateral ties

IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.

time-read
1 min  |
December 25, 2024
Uniting for greater good
Financial Express Mumbai

Uniting for greater good

COLLABORATIVE PHILANTHROPY is not a new idea.

time-read
4 mins  |
December 25, 2024
IOC to invest ₹61K cr for Odisha project
Financial Express Mumbai

IOC to invest ₹61K cr for Odisha project

NAPHTHA CRACKER PROJECT IN PARADIP

time-read
1 min  |
December 25, 2024
18% GST on used EV to be paid on seller's margin
Financial Express Mumbai

18% GST on used EV to be paid on seller's margin

A REGISTERED PERSON will have to pay an 18% Goods and Services Tax (GST) on sale of old and used vehicle only if the seller has earned a margin, which is if the selling price is higher than the depreciation adjusted cost price of the vehicle, official sources said.

time-read
1 min  |
December 25, 2024
Changing the lens can make a big difference
Financial Express Mumbai

Changing the lens can make a big difference

Why the campaign rocks: It's great to witness the growing number of gender-forward campaigns, each challenging outdated norm and fostering more inclusive, progressive narratives.

time-read
1 min  |
December 25, 2024
Road to relevance
Financial Express Mumbai

Road to relevance

How to craft a brand strategy that stands the test of time

time-read
1 min  |
December 25, 2024