Fiscal deficit target for FY25 reduced to 5.1%

Fiscal deficit target for FY25 reduced to 5.1%

[ad_1] NEW DELHI: Finance Minister Nirmala Sitharaman in her interim budget 2024 speech said that the centre has set a fiscal deficit target of 5.1% for FY25, with gross borrowings at Rs 14.13 lakh crore. The fiscal deficit target has been reduced based on the...
Centre expects 11.5% growth in tax revenue in FY25

Centre expects 11.5% growth in tax revenue in FY25

[ad_1] DELHI: The government has estimated its total tax revenue to grow by 11.5% to Rs 38.3 lakh crore in FY25, up from the revised FY24 estimate of Rs 34.37 lakh crore. The FY25 estimate is 14% higher than the FY24 budget estimate of Rs 33.6 lakh crore.The...