Government confident of meeting targets set in interim budget

Government confident of meeting targets set in interim budget

The government has expressed confidence in meeting the targets outlined in the interim budget presented on Thursday. Finance Secretary TV Somanathan stated that the government’s capital expenditure continues to be high, which gives them confidence in achieving the 5.1% fiscal deficit target in 2024-2025. The government is estimating a revenue growth of 11.5% against a GDP growth of 10.5%. This news comes as a reassurance of the government’s commitment to fiscal consolidation and economic growth.

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