Fiscal deficit likely to be at 4.75% in FY25; capex at Rs 62K cr: IndRa

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Fiscal deficit likely to be at 4.75% in FY25; capex at Rs 62K cr: IndRa - Business Standard

Quick Summary:

The government will be able to register the fiscal deficit at 4.75 per cent in FY25, 0.19 per cent lower than the budget aim, by reigning in expenditure, domestic rating agency India Ratings and Research said on Wednesday.

Its chief economist and head of public finance Devendra Kumar Pant said the government capital expenditure will come out to be Rs 62,000 crore lower than the estimate of Rs 11.11 lakh crore.

The revenue expenditure, excluding subsidies, will be 0.12 per cent of GDP, lower than the budget estimate, the rating agency added.