October 4, 2024 12:04 PM

Government confident of meeting fiscal deficit target for FY25, says Finance Minister Sitharaman

Union Finance Minister Nirmala Sitharaman on Friday reaffirmed the government's commitment to reducing the fiscal deficit from 5.6 percent of GDP in FY24 to 4.9 percent in FY25. Speaking at the Kautilya Economic Conclave, Sitharaman said that the government is optimistic about maintaining fiscal discipline due to improved revenue collections. The quality of government expenditure has improved, with a focus on capital outlays. The Finance Minister announced a 17.1 percent increase in capital ex...