Govt will adhere to fiscal deficit target of 5.9% for FY 24

The government will stick to the fiscal deficit target of 5.9 percent of the GDP as robust tax and non-tax collections will help meet the spending requirement and make up for any shortfall in disinvestment proceeds, Finance Secretary T V Somanathan said on Friday. Although there would be a shortfall with respect to disinvestment, he said, this shortfall would be met by non-tax revenue mobilisation.

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