India Eyes 4.5% Fiscal Deficit by FY26 Amid Global Risks

The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5% of the GDP in FY26, a finance ministry document said.

- Press Trust of India

NEW DELHI:

Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in Parliament on February 1.

The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 and to attain a level of fiscal deficit lower than 4.5% of GDP by FY 2025-26, according to finance ministry statements on the half yearly review of the trends in receipts and expenditure and deviation in meeting the obligations of the government under the Fiscal Responsibility and Budget Management Act, 2003.

The statements were tabled in the Lok Sabha last week.