Finance Minister Nirmala Sitharaman will present Budget 2023 on February 1. Finance Minister Nirmala Sitharaman is expected to set a fiscal deficit target of 5.9 percent of gross domestic product (GDP) in the budget for 2023-24 she will unveil on February 1. According to a Moneycontrol poll of 17 economists, the Centre will next year continue to move towards its medium-term deficit target of 4.5 percent by 2025-26 in a gradual manner even as it ensures support for growth remains. “On one hand, growth momentum will need to get continued support from fiscal levers, particularly with a severe global recession looming on the horizon, but at the same time there would be expectations for the government to aim for a modest fiscal consolidation, so as to not crowd out private investments and to be able to bring down the Centre’s fiscal deficit target to 4.5 percent of GDP by 2025-26, as per the proposed glide path,” said Kaushik Das, Deutsche Bank’s chief economist for India and South Asia. ORGANISATION ESTIMATE FOR FY24 FISCAL DEFICIT TARGET Motilal Oswal Financial Services 5.7% Barclays 5.8% ICRA 5.8% Bank of Baroda 5.8% HDFC Bank 5.8% Quantum Mutual Fund 5.8% QuantEco Research 5.8% Emkay Global… Read full this story
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Budget 2023: Centre may fix FY24 fiscal deficit target at 5.9% of GDP, borrow Rs 15.5 lakh crore have 348 words, post on www.moneycontrol.com at January 25, 2023. This is cached page on Konitono. If you want remove this page, please contact us.