Economists are predicting that the fiscal deficit for the fiscal year 2024-2025 is likely to be estimated at 5.5 per cent of the Gross Domestic Product (GDP), reported livemint.com. The upcoming budget, scheduled for presentation on February 1, 2024, is set to be an interim budget or a vote on account, ahead of the general elections, focusing on maintaining policy continuity. advertisementRead MoreAnalysts in the report anticipate that the government will refrain from making significant announcements in the interim budget. The backdrop for the interim budget is a robust 7.3 per cent GDP growth in the current fiscal year. She highlights that the fiscal deficit in FY25 will be supported by the normalisation of domestic conditions.

Source: Mint January 25, 2024 13:54 UTC