Question
What is the projected % of GDP for the fiscal deficit in
the fiscal year 2024-2025 (FY25), considering it was forecasted to be 5.8% of GDP for the fiscal year 2023-2024 (FY24)?Solution
The fiscal deficit for 2024-25 is estimated at 5.1 per cent of GDP against 5.8 per cent in the current financial year, Finance Minister Nirmala Sitharaman said on Thursday. Presenting the interim Budget 2024-25, Sitharaman said tax receipts for 2024-25 is projected at Rs 26.02 lakh crore.
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