https://www.taxtmi.com/news?id=32341 The macro-fiscal statement projects modest real and stronger nominal GDP growth, establishes a fiscal consolidation path with a revised fiscal deficit of 4.8% of GDP and a target of 4.4% next year, and aims to reduce Central Government debt-to-GDP toward about 50% by 2031. Financing for the next year will rely on net market borrowings, small savings and other sources while capital expenditure is substantially increased, including interest-free long-term loans to states. Inflation has moderated within the stated band and external sector indicators show a moderated current account deficit, revived FDI inflows and adequate foreign exchange reserves. en-us Sat, 01 Feb 2025 14:11:08 +0530 Sat, 01 Feb 2025 14:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32341 The macro-fiscal statement projects modest real and stronger nominal GDP growth, establishes a fiscal consolidation path with a revised fiscal deficit of 4.8% of GDP and a target of 4.4% next year, and aims to reduce Central Government debt-to-GDP toward about 50% by 2031. Financing for the next year will rely on net market borrowings, small savings and other sources while capital expenditure is substantially increased, including interest-free long-term loans to states. Inflation has moderated within the stated band and external sector indicators show a moderated current account deficit, revived FDI inflows and adequate foreign exchange reserves. News - Sat, 01 Feb 2025 14:11:08 +0530 https://www.taxtmi.com/news?id=32341