Budget 2024: No major moves in budget; capex to normalise, fiscal deficit at 5.3% in FY25, say economists
“…major policy changes and announcements are unlikely. ICRA expects fiscal deficit target for FY25 to be set at 5.3% of GDP, midway through the expected print of 6.0% for FY2024 and the medium-term target of sub-4.5% by FY26,” said Aditi Nayar, chief economist, Icra.
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