<h1>Government Targets 5.9% Fiscal Deficit for FY 2023-24, Aims for Below 4.5% by FY 2025-26.</h1> The government's fiscal deficit for FY 2023-24 is projected at 5.9% of GDP, with plans to reduce it below 4.5% by FY 2025-26. Revenue deficit is expected to decrease to 2.9% from 4.1% in the previous year. Gross tax revenue is anticipated to grow by 10.4%, with direct and indirect taxes contributing 54.4% and 45.6% respectively. States are allowed a fiscal deficit of 3.5% of GSDP, with a portion tied to power sector reforms. A fifty-year interest-free loan will be provided to states for capital expenditure.