Reaction quote on Interim Budget 2024 by Raghvendra Nath, MD, Ladderup Wealth Management
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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