New Delhi, January 30, 2025: The Union Budget for FY26 is expected to focus on reducing the fiscal deficit to 4.5% of GDP, as per a report by the Union Bank of India (UBI). The government aims to balance fiscal discipline with the continued funding of developmental and welfare programs. The focus will be on stabilizing the economy and ensuring sustainable growth.
To achieve this, the government is likely to implement strategies that enhance revenue generation and streamline expenditure. These efforts will support India’s long-term economic goals, improve fiscal sustainability, and boost investor confidence, while addressing challenges like inflation and global uncertainties.
