Government sets FY25 disinvestment target at ₹50,000 crore; expected to secure ₹30,000 crore in FY24

The government on Thursday pegged disinvestment target for 2024-25 fiscal at ₹50,000 crore in the interim budget for 2024-25, up from ₹30,000 crore in the revised estimate for the current financial year.

During the current fiscal (2023-24), the revised estimates of disinvestment mop-up has been pegged at ₹30,000 crore, lower than ₹51,000 crore budgeted at the time of presentation of Budget last year.

As per the Interim Budget 2024-25 document tabled in the Lok Sabha, the government is not expected to receive any money from monetisation of public assets in the current fiscal.

It had planned to receive ₹10,000 crore in the budget estimates for 2023-24.

With regard to disinvestment, so far in the current fiscal, the government has collected ₹12,504 crore through minority stake sales in 7 CPSEs, including Coal India, NHPC, RVNL and IREDA.

By March, the government expects to mop in a total of ₹30,000 crore from disinvestment.

The government historically has been missing the disinvestment targets set in budgets with the exception of 2018-19 and 2017-18 financial years.

The highest ever mop-up from disinvestment at ₹1,00,056 crore was recorded in 2017-18, marginally exceeding the budget target of ₹1 lakh crore.

In 2018-19, the government collected ₹84,972 crore from CPSE disinvestment, higher than ₹80,000 crore pegged in the Budget for that year.

Also Watch: Union Budget 2024 LIVE: 'Viksit Bharat Roadmap in July's full budget' says FM Nirmala Sitharaman