Fiscal Deficit & its Importance | Interim Budget 2024-25 | Drishti IAS

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Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 5.1% of gross domestic product (GDP) in 2024-25. She further added that the fiscal deficit would be pared to below 4.5% of GDP by 2025-26. The FM’s projections surprised most analysts who expected the government’s fiscal deficit target would be slightly higher, at about 5.3% or 5.4% of GDP. The government’s revised estimates also lowered the fiscal deficit projection for 2023-24 to 5.8% of GDP. Fiscal deficit refers to the shortfall in a government’s revenue when compared to its expenditure. When a government’s expenditure exceeds its revenues, the government will have to borrow money or sell assets to fund the deficit. Why was the fiscal deficit estimate announced in the recent Union Budget considered to be ambitious? How does a government fund its expenditure? What is the difference between fiscal deficit and national debt? We discussed all of this in this video.
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𝐆𝐒 𝐅𝐨𝐮𝐧𝐝𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐮𝐫𝐬𝐞 (𝐏𝐫𝐞𝐥𝐢𝐦𝐬 + 𝐌𝐚𝐢𝐧𝐬) 𝐎𝐧𝐥𝐢𝐧𝐞/𝐏𝐞𝐧𝐝𝐫𝐢𝐯𝐞 𝐌𝐨𝐝𝐞:

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👉 To know the 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐨𝐫 𝐭𝐨 𝐫𝐞𝐠𝐢𝐬𝐭𝐞𝐫 through our website click on this link: https://drishti.link/foundation-course

👉 𝐓𝐨 𝐠𝐞𝐭 𝐭𝐡𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 about this 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩 𝐨𝐫 𝐒𝐌𝐒 "𝐆𝐒" on this number: 𝟗𝟑𝟏𝟏𝟒𝟎𝟔𝟒𝟒𝟐

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𝐏𝐞𝐧𝐝𝐫𝐢𝐯𝐞 𝐂𝐨𝐮𝐫𝐬𝐞𝐬 (𝐇𝐢𝐧𝐝𝐢 𝐋𝐢𝐭𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐨𝐭𝐡𝐞𝐫𝐬):

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👉 𝐏𝐫𝐞𝐥𝐢𝐦𝐬 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें (संपूर्ण सेट एक साथ) खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:

𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://bit.ly/30LLMbt
𝐀𝐦𝐚𝐳𝐨𝐧: https://amzn.to/2VqvH8S
𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭: https://bit.ly/3odDQtv

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👉 𝐐𝐮𝐢𝐜𝐤 𝐁𝐨𝐨𝐤 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें (संपूर्ण सेट एक साथ) खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:

𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://bit.ly/36u5qwD
𝐀𝐦𝐚𝐳𝐨𝐧: https://amzn.to/3lvMjGX
𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭: https://bit.ly/37lO3NS

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👉 𝐌𝐚𝐢𝐧𝐬 𝐂𝐚𝐩𝐬𝐮𝐥𝐞 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:

𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://bit.ly/2L0efWP
𝐀𝐦𝐚𝐳𝐨𝐧: https://amzn.to/2HYgpF9

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👉 𝐑𝐀𝐒 𝐒𝐞𝐫𝐢𝐞𝐬 की पुस्तकें खरीदने के लिये निम्नलिखित लिंक्स का प्रयोग करें:

𝐃𝐫𝐢𝐬𝐡𝐭𝐢 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: http://bit.ly/35hpX6T
𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭: https://bit.ly/380zfWu
𝐀𝐦𝐚𝐳𝐨𝐧: http://amzn.to/3bbxw2L

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👉 𝐎𝐮𝐫 𝐑𝐞𝐠𝐮𝐥𝐚𝐫 𝐘𝐨𝐮𝐓𝐮𝐛𝐞 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐬' 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭𝐬:

1. Videos by Dr. Vikas Divyakriti: http://bit.ly/2TF34TZ

2. Concept Talk- By Dr. Vikas Divyakirti: https://goo.gl/xNVMrm

3. Current News Bulletin: https://goo.gl/TRiKpS

4. Recap 2023: https://bit.ly/41RxdC9

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👉 डेली न्यूज़ और एडिटोरियल: https://drishti.link/daily-news-edito...

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#fiscaldeficit #interimbudget #drishtiias