2024 Budget Deficit Meaning

2024 Budget Deficit Meaning. Governments use deficit financing, borrowing or printing money, to cover budget shortfalls and stimulate economic growth. Finance minister nirmala sitharaman said the revised fiscal deficit estimate for fy24 stands at 5.8 per cent and projected it lower at 5.1 per cent for fy25.

In fiscal year 2024, which ended on september 30, the federal budget deficit totaled $1.8 trillion—an increase of $138 billion (or 8 percent) from the shortfall recorded in the. Inflation continues to be low, stable and moving towards the 4% target;