ENA Economy 2024-07-23 12:38:37 <p><span style="font-size:14px"><strong>New Delhi, Jul 23 (KNN)</strong> In her latest budget presentation, Finance Minister Nirmala Sitharaman revealed that the government has adjusted its fiscal deficit projection for the current financial year.</span></p> <p><span style="font-size:14px">The revised estimate stands at 4.9 per cent of the Gross Domestic Product (GDP), marking a reduction from the 5.1 per cent figure outlined in the interim budget.</span></p> <p><span style="font-size:14px">The fiscal deficit, which represents the gap between the government's total spending and its revenue, is a key indicator of the country's financial health.</span></p> <p><span style="font-size:14px">The reduction in the projected deficit suggests a potential combination of increased revenue collection and controlled expenditure.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38707 https://knnindia.co.in/news/newsdetails/economy/government-reduces-fiscal-deficit-projection-to-49-of-gdp-in-latest-budget 2024-07-23 12:38:37 knnindia.co.in