Budget strikes right balance between fiscal prudence, stability; will boost growth: RBI Paper

The Reserve Bank of India (RBI) has praised the Union Budget 2024-25 for striking the right balance between fiscal prudence and macroeconomic stability, thereby strengthening the medium-term growth outlook. The budget aims to further strengthen macroeconomic stability and harness the potential in various sectors of the economy. The Union Budget 2024-25 narrows the fiscal deficit to 4.9%, reaffirming fiscal consolidation and aiming to maintain the Union government debt as a percentage of GDP on a declining path.