Why is Fiscal Consolidation So Important?
Introduction In her Budget speech, FM revealed the government’s plans to reduce the fiscal deficit to 5.1% of GDP in 2024-25 and below 4.5% by 2025-26, surprising many analysts who expected slightly higher deficit targets. This article explains fiscal deficit, its significance, how the government funds it, and the implications of reducing the deficit. What… Continue reading Why is Fiscal Consolidation So Important?