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Interim Budget 2024: Fiscal Deficit Target Set at 5.1% for FY25.

Economy & Business | Dated: 03 Feb 2026

In the Interim Budget 2024-25, Finance Minister Nirmala Sitharaman announced that the Fiscal Deficit target for the Financial Year 2025 (FY25) is set at 5.1% of the GDP. This is lower than the revised estimate of 5.8% for FY24, adhering to the path of fiscal consolidation.

🎯 Key Highlights:

  • The government aims to reduce the fiscal deficit to below 4.5% by FY26.
  • Capital Expenditure (Capex) outlay was increased by 11.1% to Rs 11.11 lakh crore.
  • Fiscal deficit is the difference between total revenue and total expenditure of the government.

💡 Other Important Facts:

  • Target: 5.1% (FY25).
  • Parameter: Fiscal Deficit.
  • Context: Interim Budget.

📚 Test Your Knowledge:

What is the Fiscal Deficit target set for FY 2025-26 as per the Interim Budget presentation?

Correct Answer: 5.1%

🚀 Quick Recap:

About Budget

  • Presented by – Nirmala Sitharaman
  • Type – Interim Budget