Budget 2024: Govt Aims For A Fiscal Deficit Of 5.1% Of GDP In FY25 | IN PICS

Finance Minister Nirmala Sitharaman on Thursday tabled the interim Budget 2024 in the Lok Sabha. Check here for some of the crucial announcements regarding the estimated fiscal deficit and more

Written By : ABP Live | Updated at : 01 Feb 2024 05:16 PM (IST)

FM Sitharaman said that the government expects the fiscal deficit to be 5.1 per cent of the gross domestic product (GDP) in the financial year 2024-25. Getty

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To finance the fiscal deficit, FM said in FY25 the gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.13 and Rs 11.75 lakh crore, respectively. Getty

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The total receipts, for FY25, other than borrowings and the total expenditure are estimated at Rs 30.80 lakh crore and Rs 47.66 lakh crore, respectively. The tax receipts are estimated at Rs 26.02 lakh crore. Getty

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The ‘Effective Capital Expenditure’ of the Centre is budgeted at Rs 13.7 lakh crore, which will be 4.5 per cent of GDP, said FM Sitharaman. Getty

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According to the Budget, “Nominal GDP for BE 2024-25 has been projected at Rs 3,27,71,808 crore assuming 10.5 % growth over the estimated Nominal GDP of Rs 2,96,57,745 crore as per the First Advance Estimates of FY24.” Getty

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FM Sitharaman also spoke about the revised fiscal deficit for FY24, which was estimated at 5.8 per cent of the GDP. Getty

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During the interim Budget presentation, Nirmala Sitharaman spoke about the revised fiscal deficit for FY24, which was estimated at 5.8 per cent of the GDP. Getty