US investment banking group Goldman Sachs has said the government is expected to meet the FY24 fiscal deficit target of 5.9 per cent of GDP in the interim budget as receipts are likely to be upwards of 0.2 per cent of GDP.
Goldman Sachs also said there are three key things for investors to look out for in the interim budget: the government’s commitment to the medium-term fiscal consolidation path, if capex growth can continue with fiscal consolidation and the supply of government bonds that the market may be able to absorb.
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