Budget 2024: Fiscal deficit target reduced to 4.9% with focus on consolidation

New Delhi [India], July 23 (ANI): Presenting the Union Budget for 2024-25, Union Finance Minister Nirmala Sitharaman on Tuesday pegged the fiscal deficit target at 4.9 per cent of gross domestic product (GDP).

In the Interim Budget tabled on February 1, she pegged it at 5.1 per cent of GDP.

In 2023-24, the government pegged the fiscal deficit target for 2023-24 at 5.9 per cent of gross domestic product (GDP). Later, the f