India likely to breach budgeted fiscal deficit target for FY27: BMI
Budgetary action — an allocation, fiscal policy change, or expenditure decision shaping how public resources flow. Reveals government priorities and affects programme implementation capacity.
Summary
The government in 2026-27 Budget had projected a 4.3% fiscal deficit, a tad lower than 4.4% as per revised estimates for 2025-26
Key Facts
Type Budget
Source BusinessLine - Economy
Published Wednesday, 22 April 2026
Affected Population 1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right