An autonomous research institute under the Ministry of Finance

 

Union Budget 2024: Amid global headwinds, there is no room for irrational expectations

24/01/2024

NIPFP blog author image
The fiscal deficit target for FY25 in the midst of weaker nominal GDP growth and disinvestment shortfall will be below 6 percent, slightly around 5.2-5.5 percent. This fiscal glide path is crucial to reach the 4.5 percent fiscal deficit to GDP by 2025-26.
 
Against the backdrop ...