The Government will focus on improving quality spending and strengthening social security.
The government will bring down the fiscal deficit to 4.5 per cent of the GDP in FY26.
Finance Minister Nirmala Sitharaman will present the Budget for 2025-26 on 1 February.
Under the Fiscal Responsibility and Budget Management Act, of 2003, the Union Government is committed to following the glide path of fiscal consolidation.
Gross Tax Revenue (GTR) has been estimated ₹38.40 lakh crore with an implied tax-GDP ratio of 11.8 per cent.
Total non-debt receipt of the Centre was estimated at about ₹32.07 lakh crore.
The fiscal deficit was planned to be financed through G-securities and T-Bills and other sources.
