July 8, 2024 3:36 PM

SBI research suggests centre to target 4.9% fiscal deficit in 2024

As the Modi government prepares to present its first full budget of its third term on July 23, SBI Research has recommended a focus on fiscal prudence and continued consolidation. The research arm of India's largest public sector bank suggests the government should aim for a fiscal deficit target of 4.9% for the 2024-25 financial year. The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings that may b...