Reaction quote on Interim Budget 2024 by Raghvendra Nath, MD, Ladderup Wealth Management
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Below the Reaction quote on Interim Budget 2024 from industry experts by Raghvendra Nath, MD, Ladderup Wealth Management
"The interim budget for FY24-25, in line with expectations, sets a fiscal deficit target of 5.1% of GDP, reflecting the government's commitment to fiscal prudence and consolidation. This positions the country to achieve the 4.5% fiscal deficit target by FY25-26. A noteworthy 11% increase in capex spending to ?11.1 lakh crore for FY24-25 is expected to drive economic growth. Additionally, the decision to waive disputed direct tax demands ranging from ?10,000 to ?25,000 until 2009-10 provides relief to taxpayers. Overall, the budget conveys a message of continuity and ensures no negative surprises."
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