Budget 2023-24: Asset sale target pegged at Rs 51,000 crore for FY24

Current year projection slashed to Rs 50,000 cr from Rs 65,000 cr

The Centre aims to raise Rs 51,000 crore through disinvestment of its stake in several state-run firms in financial year 2023-24 (FY24). This is 21 per cent lower than what it expected to earn in the current fiscal year.

The government has also slashed its projection for the current year to Rs 50,000 crore from the earlier target of Rs 65,000 crore.

The government has so far achieved just 48 per cent of the current year’s disinvestment target, and it has just two months to raise the remaining Rs 20,000 crore of the Revised Estimates (RE).

So far this fiscal