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    • Question

      What was the gross fiscal deficit (as a percentage of

      GDP) for the central government in 2024-25?
      A 6.1% Correct Answer Incorrect Answer
      B 4.9% Correct Answer Incorrect Answer
      C 5.8% Correct Answer Incorrect Answer
      D 5.6% Correct Answer Incorrect Answer
      E 4.3% Correct Answer Incorrect Answer

      Solution

      According to the Union Budget 2024-25 presented in July 2024, the central government estimated the gross fiscal deficit at 4.9% of the Gross Domestic Product (GDP). This figure represents a continuation of the government's fiscal consolidation path, with the goal of reducing the deficit below 4.5% by the following financial year.

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