Page 2 - Latest Updates on Fiscal Deficit
Budget 2026: Onus of executing incremental capex shifting towards states
Aditi Nayar analyses the Budget's fiscal prudence, higher public capex via states, a 4.3 per cent deficit target, debt consolidation, and the impact of higher gross borrowings on bond yields
 "Budget 2026: Onus of executing incremental capex shifting towards states")
Budget 2026 'tactical', not a 'breakthrough', says Moody's Ratings
The economy is seen growing at 7.4 per cent in the current financial year, with inflation likely to be near 2 per cent
 "Budget 2026 'tactical', not a 'breakthrough', says Moody's Ratings")
Budget 2026 keeps fiscal discipline intact; bond market faces supply stress
The tough position that the bond market finds itself reflects a much more fundamental issue, of rising government bond supply chasing limited domestic savings pool
 "Budget 2026 keeps fiscal discipline intact; bond market faces supply stress")
Budget 2026 aims to reduce fiscal deficit, boost capex and growth: PM Modi
PM Modi says Union Budget 2026 focuses on fiscal discipline, inflation control and high capital spending, while backing reforms, MSMEs and tourism to drive growth and achieving 'Viksit Bharat' goals
 "Budget 2026 aims to reduce fiscal deficit, boost capex and growth: PM Modi")
Budget 2026 delivers well on prudence and focuses on future thrust areas
Union Budget 2026 stays focused on fiscal prudence, targets a 4.3% deficit, sustains ₹12.2 trillion capex, and backs rare earths, freight corridors, waterways and data centres, writes Madan Sabnavis
 "Budget 2026 delivers well on prudence and focuses on future thrust areas")
Budget 2026: FM Sitharaman pegs fiscal deficit at 4.3% of GDP for FY27
FM Nirmala Sitharaman pegged FY27 fiscal deficit at 4.3% of GDP, signalling continued fiscal consolidation, with net tax receipts seen at ₹28.7 trillion and higher tax devolution to states
 "Budget 2026: FM Sitharaman pegs fiscal deficit at 4.3% of GDP for FY27")
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")