Syllabus: GS-III
Subject: Economy
Topic: Fiscal Policy.
Issue: Centre’s Fiscal Deficit’s.
Context: As of December-end 2023, India’s government fiscal deficit was 55% of the full-year target, slightly lower than the previous fiscal year.
- The estimated fiscal deficit for 2023-24 about 5.9% of GDP.
- The government aims to bring the fiscal deficit below 4.5% of GDP by 2025-26, continuing its path of fiscal consolidation.
Formula’s (Prelims):
