Fiscal Deficit Target Lowered to 4.3% of GDP

1 February 2026National

The FY27 fiscal deficit is targeted at 4.3% of GDP (down from the 4.4% revised estimate for FY26), with the revenue deficit at 1.5% and nominal GDP growth assumed at 10%.

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GK ByteBSE was established in 1875 as The Native Share and Stock Brokers' Association, is Asia's oldest stock exchange and is headquartered at Dalal Street, Mumbai | Gold exchanges and EGRs were brought under SEBI's purview by the Finance Act, 2021, with SEBI notifying the EGR framework in 2022 | LBMA is the London Bullion Market Association, which sets the global good-delivery standard for gold and silver bars

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GK ByteCBIC functions under the Department of Revenue, Ministry of Finance, and was renamed from the Central Board of Excise and Customs in 2018 after GST | Rules of origin determine the country where a good was produced and decide eligibility for preferential tariffs under a free trade agreement | New Zealand's capital is Wellington, its currency the New Zealand dollar and its Prime Minister heads a Westminster-style parliament

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GK ByteThe Monetary Policy Committee was created by the Finance Act 2016 amending the RBI Act 1934 and has six members, three from the RBI and three external, with the Governor holding a casting vote | MPC minutes must be published on the fourteenth day after the policy decision under Section 45ZL of the RBI Act | India's flexible inflation targeting framework sets CPI inflation at 4% with a tolerance band of plus or minus 2 percentage points

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