The Budget proposal projects total expenditure of Rs 48.2 lakh crore against receipt of Rs 32.1 lakh crore for the year 2024-25 or FY25. This implies fiscal deficit of Rs 16.1 lakh crore or 4.9% of projected GDP. Deficit is lower than 5.1% projected in interim budget presented in Feb’24 even though expenditure has been increased […]
