What Is Fiscal Year 2024-25. Given the interim nature of the budget, sitharaman has ruled out any major policy changes. The bond market was expecting the fiscal deficit to be between 5 per cent and 5.1 per cent for the current financial year.

This budget, which marks her seventh consecutive presentation, outlines the government’s financial strategy and priorities for the upcoming year. Finance minister nirmala sitharaman said the revised fiscal deficit estimate for fy24 stands at 5.8 per cent and projected it lower at 5.1 per cent for fy25.