NEW DELHI: Buoyed by improvement in revenue collection, the government has lowered its fiscal deficit target to 4.8 per cent of GDP for the current financial year against 4.9 per cent estimated earlier.
For the next financial, the fiscal deficit has been pegged at 4.4 per cent of the GDP.
Presenting the Budget 2025-26 in the Lok Sabha, Finance Minister Nirmala Sitharman on Saturday said, “Our endeavour will be to keep the fiscal deficit each year such that the Central Government debt remains on a declining path as a percentage of the GDP. The roadmap for the next 6 years has been detailed in the FRBM statement”.