Key Highlights: Union Budget 2024 Reveals Fiscal Targets and Economic Strategies

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[{"selector":"#anim-b44f5107-9a32-4c41-98a1-93be3ea77b4f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-582de444-df32-46b2-b685-9e8d60fcaa76","keyframes":{"transform":["translate3d(108.40336%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ad6a67fd-3cec-45c0-bfe9-d3f458611417 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-47.5670765219324%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Fiscal Deficit Projection: The Union Budget 2024 outlines a fiscal deficit target for FY24 at 5.8% of the GDP, reflecting the government's financial strategy in the upcoming fiscal year.

[{"selector":"#anim-db9290f9-b026-4534-983c-3f8426ccdae0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-43.74999965867719%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-fcbab55e-9924-457c-8863-1faa9329bceb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-30babfce-032d-4422-8f5b-1cab0070452e","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Revised Total Expenditure: The total expenditure for FY24 is revised to ₹44.90 lakh crore, indicating adjustments and allocations in key sectors to support economic growth and development.

[{"selector":"#anim-bf9aa1ac-8a42-4868-b163-afaaab6ed7df [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-47.22183576938098%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-6bedaa93-159e-4512-8d33-194208c8569f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5496203d-2cad-4bff-b5d6-be0c50b864e8","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Receipts Other Than Borrowings: Non-borrowing receipts for FY24 stand at ₹27.56 lakh crore, showcasing the government's multifaceted revenue streams beyond loans to sustain financial stability.

[{"selector":"#anim-f6e05c2b-01ea-4b17-9677-3800fef3f716 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-68.40971463786006%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-d8c15a1d-82a5-4252-8d45-f31b422055cb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8619e767-ca99-4779-925c-767c0c2c1491","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tax Receipts Overview: The budget reveals tax receipts for FY24 totaling ₹23.24 lakh crore, emphasizing the importance of tax revenue in funding government initiatives and programs.

[{"selector":"#anim-5d0f9811-3b32-4bf9-b472-3f6c083d3084 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-9.895833162671918%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-43420f6f-60c2-4b1e-ad67-4512a9766ffa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be05063b-b040-4a88-9542-7548b4576f57","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Fiscal Discipline for FY25: Looking ahead, the budget projects a fiscal deficit of 5.1% for FY25, indicating the government's commitment to gradual fiscal consolidation while supporting economic recovery.

[{"selector":"#anim-ba9be3b8-e0f7-46f0-9f8c-23b3957ea1e4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-9.895833162671918%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-f6533828-6e0c-4ba9-b2fe-e231b18a93bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db18de6d-202e-4b38-8b5b-7f809b2bc9e1","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Long-Term Fiscal Goal: The budget sets a long-term fiscal goal, aiming to reduce the fiscal deficit to below 4.5% by FY26, outlining a strategic path towards sustainable fiscal management.

[{"selector":"#anim-7974d8a6-de7f-4cc3-80d5-668508f88fb5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-51.06353748149315%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-465ad3e5-a662-44ea-8964-74ee977b8455","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5924e736-a105-4adc-87af-95db23e301a7","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Gross Market Borrowing for FY25: FY25 anticipates gross market borrowing at ₹14.13 lakh crore, reflecting the government's approach to meeting financial requirements and funding key developmental projects.

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