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The government took a big step toward its FY26 fiscal deficit target of 4.5% of GDP, budgeting the gap in FY25 at 5.1%. The budget keeps a tight leash on spending even as tax collections are projected to remain robust with tax-to-GDP ratio budgeted to hit the highest since FY08.

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,Budget 2024 ,Fiscal Deficit ,Budget ,Free Food Scheme ,Fiscal Prudence ,

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