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![NIPFP blog author image](/media/imagecontent/IMG_0595.jpeg)
Against the backdrop of geopolitical uncertainties and war, the finance minister has strictly adhered to the macroeconomic stabilization function of the government in the interim budget 2024, with fiscal deficit-to-Gross Domestic Prod- uct (GDP) ratio pegged at 5.1% in FY25. She announced that the revised estimate of fiscal deficit-GDP ...
The uses of running a deficit
06/05/2024
![NIPFP blog author image](/media/imagecontent/IMG_0595.jpeg)
GROWTH STRATEGY. An interplay of fiscal and monetary policy would be needed to serve developmental goals.
The predominant narrative of the Interim Budget 2024 is the macroeconomic stabilisation function of a government in times of poly-crisis. The Finance Minister has reiterated that the fiscal consolidation is the primary instrument ...
![NIPFP blog author image](/media/imagecontent/IMG_0595.jpeg)
The Finance Minister has articulated her budget as a “humane” budget with fiscal consolidation as a primary consideration. A “beyond GDP” emphasis is welcome, incorporating the widening inequalities, climate change concerns and human capital formation.
Beyond the headline fiscal deficit number to GDP ratio pegged at 5.1 percent ...
![NIPFP blog author image](/media/imagecontent/IMG_0595.jpeg)
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 ...
![NIPFP blog author image](/media/imagecontent/IMG_0595.jpeg)
(Co-authored with Balamuraly B.)
Asymmetric fiscal rules require wider discussion and debate, as Kerala has highlighted
Public debt management is getting wider attention in Centre-State financial relations, against the backdrop of recently constituted Sixteenth Union Finance Commission. One of the States in India, Kerala, had filed a suit ...