The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.
Union Budget 2023: Govt allocates Rs 1.
The government's budget gap, which hit a high of 9.5% of GDP in 2020/21 as the spread of COVID-19 infections brought the economy to a halt, has narrowed since but remains well above the medium-term goal of 4.5% of GDP by 2025/26.
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