Centre’s fiscal deficit at 55% full-year target at Dec-end 2023: CGA

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.

  1. The estimated fiscal deficit for 2023-24 about 5.9% of GDP.
  2. 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):


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