Question of The Day01-02-2023

What is the fiscal deficit target for FY24?


Correct Answer : d ) 5.9%

Explanation :

Finance Minister Nirmala Sitharaman has presented Union Budget 2023-24 in Parliament. She said the government will stick to its fiscal deficit target of 6.4%. The fiscal deficit would be brought down to below 4.5% by 2025-26. For the financial year 2023-24, the government aims to reduce fiscal deficit to 5.9%. 

States would be allowed 3.5 percent of GSDP as fiscal deficit. Fiscal deficit is the difference between total revenue and total expenditure of the government. 

Hence, option (d) is correct. 



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