What is the fiscal deficit target for FY24?
Answer
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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