INSUBCONTINENT EXCLUSIVE:
While there is pressure to spend more, government finances are boosted by a big dividend transfer from the central bank and healthy tax
March 2025 could be 5 per cent of gross domestic product or even lower, the people said, compared with the 5.1 per cent target set before
A final decision is expected to be taken in the coming days before Finance Minister Nirmala Sitharaman gives her budget speech on July 23,
created the headroom for extra spending
Net direct tax collections have also grown at about 20 per cent in the fiscal year through July 11.
Economists in a Bloomberg survey also
predict the deficit target will be cut to 5 per cent, allowing the government to keep its borrowing unchanged at Rs 14.1 trillion ($169 bn)
may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published:
