What the IMF has to say about Union Budget 2023

The IMF expects the central government’s projected fiscal deficit to be reduced from 6.4 percent of GDP in the current fiscal year to 6.2 percent in 2023-24

Manas Chakravarty
January 04, 2023 / 09:05 AM IST
What the IMF has to say about Union Budget 2023

the IMF expects the central government to meet its current year’s fiscal deficit target of 6.4 percent of GDP. (Representative Image: Shutterstock)

Highlights Fiscal deficit target for 2022-23 to be met Fiscal deficit for 2023-24 projected at 6.2 percent of GDP Nominal GDP growth in 2023-24 expected to be 12.4 percent Total expenditure is projected to be lower, at 14.8 percent of GDP compared to 15.1 percent in 2022-23 IMF calls for a clearly communicated medium-term strategy to reduce deficit  The International Monetary Fund (IMF) recently issued a report on the results of comprehensive discussions with the Indian government about its economic and financial situation and policies,...