ICRA FORECASTS DISINVESTMENT TARGET BELOW RS 50,000 CR FOR FY25

In the upcoming interim budget, the Centre is likely to set the disinvestment target for 2024-25 (FY25) below Rs 50,000 crore

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In the forthcoming interim budget, the central government is expected to establish a disinvestment target for the fiscal year 2024-25 (FY25) that is below Rs 50,000 crore, according to a Thursday report by the rating agency Icra.

The report suggests that aiming higher could pose challenges to the budgetary calculations in case of a receipt shortfall. "Given the uncertainties involved in market transactions, it would be prudent to set a moderate target of subRs 50,000 crore for FY2025, instead of a higher aim that may disrupt the budget math if there is a large shortfall in such receipts by the end of the fiscal, based on the past year trends," the agency said in its "Expectations- Interim Budget 2024-25" report.

For FY24, the Centre had set a disinvestment target of Rs 51,000 crore but has only been able to meet one-fifth