Union Finance Minister Nirmala Sitharaman during the budget presentation said that India has set a fiscal deficit target of 4.3% of GDP in FY27Union Finance Minister Nirmala Sitharaman during the budget presentation said that India has set a fiscal deficit target of 4.3% of GDP in FY27, as against 4.4 per cent being targeted in 2025-26. The difference between total revenue and total expenditure of the government is termed as the fiscal deficit. The government had intended to bring the fiscal deficit below 4.5 per cent of GDP by the financial year 2025-26, and is on the path to achieving it. The government had intended to bring the fiscal deficit below 4.5 per cent of GDP by the financial year 2025-26, and is on the path to achieving it. This will be her 9th budget and third full budget under Prime Minister Narendra Modi 3.0 government.

Source: dna February 01, 2026 14:13 UTC