Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
fiscal prudence path, said experts on Tuesday. According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total expenditure in Budget Estimates (BE) 2024-25 is estimated at Rs 48,20,512 crore of which total capital expenditure is Rs 11,11,111 crore.
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The total expenditure in the Interim Budget presented in February was estimated at Rs 47,65,768 crore of which total capital expenditure was Rs 11.11 lakh crore.
Debadatta Chand, Managing Director & CEO, Bank of Baroda, said the Union Budget complements the main takeaways from the Economic Survey and focusses clearly on medium term development of the economy.
«The overall size of the budget has remained almost unchanged from the interim one. The budget has shown strong intent on moving along the fiscal prudence path and targeted the fiscal deficit at 4.9 per cent for the year,» he said.
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The said action will keep the growth steady as well as robust not only for economy but also banking.
Aditi Nayar, Chief Economist, ICRA Limited, said the budget has kept the capital expenditure unchanged and pared the fiscal
