No spending spree likely in last full budget before 2024 elections

A fiscal deficit of 6.9% for 2021-22 and an expected 6.4% for 2022-23 were expected to be followed by a further fall in the next fiscal year. The median forecast from 37 economists polled from Dec. 13 to Dec. 21 was for the government to limit borrowing to 6.0% of GDP in 2023-24 - well above the historic average of 4%-5%. Predictions ranged from 5.7% to 6.8%.

from Economy-News-Economic Times https://ift.tt/Ad7Cqft
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