Current Affairs · Union Budget
Based on the Macroeconomic Framework Statement for the Union Budget 2026-27, which of the following statements regarding the fiscal estimates is INCORRECT?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Gross tax revenue is estimated at ₹44.04 lakh crore, representing 11.2 per cent of GDP.
- 2Direct taxes are expected to contribute over 61 per cent of total tax revenue.
- 3The fiscal deficit is targeted at 5.9 per cent of GDP.✓
- 4Central government debt is projected to decline to 55.6 per cent of GDP.
Correct answer
The fiscal deficit is targeted at 5.9 per cent of GDP.
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