How is the Indian government planning to reduce the fiscal deficit in the upcoming financial year
Examine the Finance Ministry's objective to lower the fiscal deficit to 4.5% in FY26 and enhance quality spending.
- The Indian government plans to reduce the fiscal deficit in the upcoming financial year by aiming to lower it to 4.5% in FY26.
- The Finance Ministry's objective is to enhance quality spending by focusing on prioritizing expenditure on key areas such as healthcare, infrastructure, and education.
- This strategy is expected to boost economic growth by investing in critical sectors that can drive sustainable development and create employment opportunities.
- The government aims to strike a balance between fiscal consolidation and supporting economic recovery post-pandemic by ensuring efficient utilization of resources.
- By reducing wasteful expenditures and directing funds towards productive investments, the government aims to improve the overall quality of public spending and strengthen fiscal management.
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6 months ago