Debt Management
Fiscal deficit indicates the government's total borrowings needed to bridge the gap between its expenditure and non-debt receipts. The FRBM Act aims to institutionalize fiscal discipline by setting targets for deficit reduction and debt management. Public debt management involves strategies to efficiently raise and manage government borrowings at desired risk and cost levels.
Recent Developments
- India's fiscal deficit for FY 2024-25 was 4.8% of GDP, down from 5.9% in the previous fiscal. The government projects a further reduction to 4.4% of GDP for FY 2025-26.
- In April-May 2025, the deficit was 0.8% of the annual target, lowest since 1997. Capital ....
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