Centre sets new five-year target to cut debt to half of GDP; signals robust capital spending, support to states
The FY26 Union budget sets a target to cut Central government debt to 50% of GDP by 2031, with a projected fiscal deficit of ₹15.6 trillion. It emphasizes capital spending, tax reforms, and support for states to enhance infrastructure investment.
published on : 8/8/2025 8:07:05 PM
Source on : livemint
