India Achieves Fiscal Deficit Target of 4.8% for FY25:
The Government of India has successfully met its fiscal deficit target of 4.8% of Gross Domestic Product (GDP) for the financial year 2024–25, as revealed in the provisional data released by the Controller General of Accounts (CGA).The CGA, under the Department of Expenditure, Ministry of Finance, is the Principal Accounting Adviser to the Government of India. The CGA manages the government’s accounting system, prepares fiscal reports, and submits Union Finance and Appropriation Accounts to Parliament under Article 150. It also enhances transparency and efficiency in public fund management through integrated, IT-enabled financial systems and conducts internal audits to assess risk management, control mechanisms, and governance processes.
