Why is fiscal consolidation so important? | Explained
Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on February 2, 2024. Photo: Sansad TV via ANI The story so far: Union Finance Minister Nirmala Sitharaman announced during her Budget speech that the Centre would reduce its fiscal deficit to 5.1% of gross domestic product (GDP) in 2024-25. She further added that the fiscal … Read more
