Centre eyes fiscal consolidation in FY24 budget: Bloomberg report

The central government is likely to stick to its fiscal glide path and target a fiscal deficit of less than six per cent of GDP for 2023-24, reported Bloomberg. It may narrow its budget deficit by at least 50 basis points in next fiscal. The fiscal deficit for 2022-2023 has been pegged at 6.4 per cent of GDP.

1. https://www.bloomberg.com/news/articles/2022-11-25/india-seeks-to-shrink-budget-deficit-as-global-headwinds-loom?utm_source=google&utm_medium=bd&cmpId=google