Key Points
The government will marginally bring down the gross borrowing to Rs 15.3 lakh crore in FY25, as it pegs the fiscal deficit at 5.5% of the GDP in the interim budget, SBI researchers said Wednesday...
However, the Government will adjust in switches, and this could adjust gross borrowings lower than Rs 15 lakh crore, the researchers said.. They also noted that there might be adjustments to the fiscal deficit in July when the new government releases its full budget...
The final budget to be presented in July could set it at a lower level of 5.3%-5.4% depending on GDP numbers that will be released in May 2024, it said, noting that government will continue to rely on small saving schemes for financing of fiscal deficit...
It can give a hard push to Sukanya Samriddhi Yojana through encouraging fresh registrations in a mission drive mode, allowing one-time registrations for all leftover cases up to 12 years, they said.. SBI researchers noted that the government will likely be able to achieve its fiscal deficit target of 5.9% in FY25..
SBI researchers expect government to give a massive push to Pradhan Mantri Awas Yojana and also combine rooftop solar with affordable housing.. To boost Affordable Segment and creation of Separate Housing Fund exclusively to provide Housing to slum dwellers, may be examined..
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