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HomeNewsOpinionBudget 2024: Competing fiscal choices may see capex allocations taper in FY2025

Budget 2024: Competing fiscal choices may see capex allocations taper in FY2025

Ramnath Krishnan   •

The government is expected to target a fiscal deficit of 5.3% of GDP and fiscal math calculations suggest that realistically, capex growth may need to be limited to 10 percent in FY2025

While it may be logical to expect the budget to focus on capex, the need for fiscal consolidation may signal a tapering of spends relative to past levels.

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