Interim budget: Govt likely to give populist spending a pass ahead of general election

​Interim budget: While the numbers are being worked out, the Centre may peg its FY25 fiscal deficit at the current fiscal level (budgeted at ₹17.87 lakh crore) or even reduce it, said one of the persons cited. This would lead to a meaningful cut in the fiscal deficit relative to nominal GDP that’s expected to expand at a double-digit pace in FY25, one of the officials told ET.

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