India’s fiscal deficit for the first nine months of the financial year 2024-25 reached ₹9.14 lakh crore, accounting for 56.7% of the annual target. The deficit widened compared to the same period in the previous fiscal year due to increased government expenditure on infrastructure,
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Maharashtra’s upcoming fiscal budget may face a significant strain as poll promises made by political parties are estimated to cost over ₹35,000 crore. This surge in expenditure could have substantial implications for the state’s financial health, according to a Moneycontrol analysis. Fiscal Challenges Ahead The analysis highlights that the additional outlay stems