New Delhi, Feb 1 (TNT): Union Finance Minister Nirmala Sitharaman on Sunday pegged the fiscal deficit at 4.3 per cent of GDP for 2026–27, marginally lower than the 4.4 per cent target for 2025–26, signalling continued commitment to fiscal consolidation even as growth-supportive spending is stepped up.
Presenting her record ninth consecutive Union Budget in the Lok Sabha, Sitharaman outlined a business- and investment-friendly roadmap focused on higher capital expenditure, manufacturing push, technology adoption, and infrastructure creation.
The government has raised capital expenditure to ₹12.2 lakh crore for FY27, up from ₹11.2 lakh crore, underlining its strategy to crowd in private investment, generate employment, and strengthen long-term productive capacity.
On the revenue side, net tax receipts are estimated at ₹28.7 lakh crore, reflecting confidence in economic momentum and compliance gains.
The total Budget size has been pegged at ₹53.5 lakh crore, balancing growth priorities with fiscal prudence.
Economists note that the marginal reduction in the fiscal deficit, alongside a sharp capex push, sends a positive signal to markets and investors by combining growth stimulus with macroeconomic stability—a key consideration amid global uncertainty.
TNT TS
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