Govt Achieves Fiscal Deficit Target of 4.8% of GDP for Fiscal 2024-25

Fiscal deficit for FY25 works out to be Rs 15,77,270 cr, nearly same as revised estimates (Rs 15,69,527 crore) presented to Parliament in Feb

- OUR CORRESPONDENT

NEW DELHI: The central government managed to meet the fiscal deficit target of 4.8 per cent of the GDP for 2024-25, according to the provisional data released by the Controller General of Accounts on Friday.

In the revised estimates (RE) presented to Parliament in February, the government had pegged the fiscal deficit or gap between expenditure and revenue at Rs 15,69,527 crore or 4.8 per cent of the gross domestic product (GDP).

The CGA data showed that the fiscal deficit in actual terms was Rs 15,77,270 crore, or 100.5 per cent, of the RE.