Projected Cola For Fiscal Year 2024-25.  — the interim budget projected fiscal deficit for fy25 at 5.1 per cent.  — fiscal headroom should be used to spend on social sector, says ficci.

 — as described earlier, collections data to date show a severe revenue decline, with total income tax collections down 25 percent in 2022‑23. Included with the chart are several key issues plan sponsors may want to consider before the end of the year.