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    HomeNewsOpinionBudget Snapshot: Fiscal deficit track record got better in current decade

    Budget Snapshot: Fiscal deficit track record got better in current decade

    Fiscal deficit for FY26 is expected to be lower than the current year

    Moneycontrol Opinion
    January 03, 2025 / 08:40 IST
    Budget Snapshot: Fiscal deficit track record got better in current decade

    Will the government reduce fiscal deficit further?

    India’s central government has had a lot of misses and a few hits when it comes to meeting its budgeted fiscal deficit. Past governments have bent rules, indulged in questionable accounting to arrive at palatable deficits. To be fair, two big crises, the global financial crisis of 2008 and the covid-19 pandemic of 2020 have been the primary reason in the destruction of fiscal consolidation efforts.

    (image) The government has been successful in

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