Key Points
Finance Minister Sitharaman aims to reduce fiscal deficit to 4.5% of GDP by FY26..
While India's taxpayers didn't find much to cheer for in the interim Budget announced by Finance Minister Nirmala Sitharaman, the government continued on its path of fiscal consolidation with continued interest in capital expenditure and other social welfare services...
Given the fact that this is the current government's final budget before nation goes to polls in April-May, Sitharaman stuck to the principle of fiscal prudence even as a slew of measures were announced targeting varied sectors...
During the interim budget, FM Sitharaman revised the fiscal deficit down to 5.8 per cent of GDP from previous target of 5.9 per cent of GDP..
Budget for capital expenditure outlay for FY25 has been hiked by 11 per cent to Rs 11.11 lakh crore, or 3.4 per cent of GDP, FM Sitharaman said..
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