Page 2 - Latest Updates on Fiscal Deficit
Budget 2026: What to expect on fiscal deficit, defence and infrastructure
The government is likely to aim for a fiscal deficit at 4.2 per cent of GDP for 2026-27, down from 4.4 per cent this fiscal year
 "Budget 2026: What to expect on fiscal deficit, defence and infrastructure")
Fiscal deficit in April-December kept at 54.5% of Budget Estimates
India contained its FY26 fiscal deficit at 54.5% of Budget Estimates for April-December, aided by higher non-tax revenues and controlled spending despite a December capex dip
 "Fiscal deficit in April-December kept at 54.5% of Budget Estimates")
Budget 2026 may focus on managing debt-to-GDP ratio over fiscal deficit
Under the revised Fiscal Responsibility and Budget Management (FRBM) Act, the fiscal deficit target was below 4.5 per cent of GDP for 2025-26
 "Budget 2026 may focus on managing debt-to-GDP ratio over fiscal deficit")
Budget 2026: Too many known unknowns amid push to revive private capex
Amid data and fiscal uncertainties, the govt faces the difficult task of creating conditions to boost private capex
 "Budget 2026: Too many known unknowns amid push to revive private capex")
Eco Survey highlights: Domestic demand in focus amid global uncertainties
India's economy is expected to grow 6.8-7.2% in 2026-27; exports, domestic demand and reforms support growth, while global trade tensions pose some risks
 "Eco Survey highlights: Domestic demand in focus amid global uncertainties")
Economic Survey pegs India's real GDP growth at 6.8-7.2 per cent in FY27
India's economy is expected to grow 6.8-7.2% in 2026-27; exports, domestic demand and reforms support growth, while global trade tensions pose some risks
Budget 2026: SBI Research sees fiscal deficit at 4.2% amid global risks
SBI Research expects Budget 2026 to focus on fiscal discipline, managing rising debt, steady borrowing and higher capital spending amid global uncertainty and volatile markets
 "Budget 2026: SBI Research sees fiscal deficit at 4.2% amid global risks")
This Budget will see many firsts, but future Budgets need a different mould
Budget 2026-27 breaks new ground, but delayed GDP rebasing and continued fiscal secrecy risk undermining its numbers within weeks
 "This Budget will see many firsts, but future Budgets need a different mould")
What the Budget must present in a tough global and job environment
As the Union Budget nears, the focus must shift to debt, deficits, and borrowing from household savings, and how these choices affect private investment, manufacturing growth, and jobs
 "What the Budget must present in a tough global and job environment")
States' gross fiscal deficit topped 3% in FY25 after 3 years: RBI report
States' fiscal deficit crosses 3% of GDP in FY24 after 3 years; capital spending rises as liabilities remain manageable, says RBI report
 "States' gross fiscal deficit topped 3% in FY25 after 3 years: RBI report")
Can the Union Budget 2026-27 unveil a low debt-deficit path to growth?
The forthcoming Budget could think of maintaining public capital expenditure at 3% so that domestic resources are available for private investments
 "Can the Union Budget 2026-27 unveil a low debt-deficit path to growth?")
Disinvestment revival will be useful in sustaining capital expenditure
It is encouraging that the government's dependence on disinvestment receipts in managing its finances has reduced, but the instrument should not be discarded
 "Disinvestment revival will be useful in sustaining capital expenditure")
India's state finances face headwinds in FY26, says CareEdge report
The report suggests that growth in aggregate revenue receipts slowed to 7.2 per cent year-on-year during April-November 2025
 "India's state finances face headwinds in FY26, says CareEdge report")
Indian economy faces five headwinds that leave no margin for error
Markets look calm, but five forces-rising debt, slowing revenues, weak savings, geopolitics and populism-signal a tougher growth phase for India
 "Indian economy faces five headwinds that leave no margin for error")
Govt to meet fiscal deficit target of 4.4% in FY26, may even better it: PwC
The revision in the nominal GDP growth target from 10.1 per cent to 8 per cent by the National Statistical Office recently raised concerns about the government's ability to meet the fiscal deficit tar
 "Govt to meet fiscal deficit target of 4.4% in FY26, may even better it: PwC")
Pre-Budget meet: States push for equitable funds, higher deficit limits
The Telangana government has appealed to the Centre to enhance the fiscal deficit target to at least four per cent of the GSDP from the ideal levels of around 3.5 per cent
 "Pre-Budget meet: States push for equitable funds, higher deficit limits")
FY27 fiscal deficit likely to overshoot target to touch 4.6%: BMI
BMI said that the fresh spending needs would not necessarily entail greater public deficits if the government could generate more revenue
 "FY27 fiscal deficit likely to overshoot target to touch 4.6%: BMI")
Datanomics: Lower tax buoyancy, not GDP, weighs on Centre's finances
Slower nominal GDP growth in FY26 may not hurt deficit math, but weak tax buoyancy and a slipping tax-to-GDP ratio signal rising stress on revenue collections
 "Datanomics: Lower tax buoyancy, not GDP, weighs on Centre's finances")
Fiscal deficit target in reach despite lower nominal GDP growth estimate
The Budget estimates for this year had assumed a nominal GDP growth of 10.1 per cent
Centre's fiscal deficit at 62.3% of FY26 BE in April-November; capex up 28%
CGA data showed the Centre's fiscal deficit rose to Rs 9.77 trillion, or 62.3 per cent of FY26 Budget estimates, in April-November as capex surged and net tax revenue slipped
 "Centre's fiscal deficit at 62.3% of FY26 BE in April-November; capex up 28%")