कोशिश गोल्ड - मुक्त
Fiscal deficit target cut to 4.4% for FY26
The New Indian Express Kannur
|February 02, 2025
THE budget has pegged fiscal deficit, which is the quantum of government borrowings, for the next fiscal at 4.4% and the same for the current fiscal retained at 4.8%.
Finance minister Nirmala Sitharaman plans to lower debt as a percentage of GDP from FY27. As of FY24, debt-to-GDP ratio stood at 85%. The government has lowered capital expenditure target for FY26 to ₹11.2 lakh crore from ₹11.11 lakh crore for FY25.
Gross borrowing target for FY26 is revised upwards to 5.7% of GDP or ₹14.82 lakh crore and for FY25 at ₹14.01 lakh crore. Gross tax revenue projected at ₹38.40 lakh crore, an 11.72% rise from FY24.
यह कहानी The New Indian Express Kannur के February 02, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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