According to the data released by the Controller General of Accounts (CGA), the fiscal deficit, in absolute terms, the gap between the government's expenditure and revenue, was about ₹8.47 lakh crore during the April-November period of the current financial year.
In the Union Budget, the government projected to bring down the fiscal deficit to 4.9% of gross domestic product (GDP) in the current financial year (FY25). The deficit was 5.6% of the gross domestic product (GDP) in FY24.
This story is from the January 01, 2025 edition of The New Indian Express Bengaluru.
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This story is from the January 01, 2025 edition of The New Indian Express Bengaluru.
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