Current Affairs · Economy and Fiscal Policy
The Controller General of Accounts (CGA) regularly reports India's fiscal data. Which of the following statements about India's fiscal deficit trajectory and targets for FY 2025-26 is/are correct? 1. In the first few months of FY26 (up to July 2025), India's fiscal deficit was well-managed, remaining under a lower percentage of the full-year target compared to some highly extended prior years due to strong revenue receipts. 2. For the financial year 2025-26, the Union Budget set a target to bring down the fiscal deficit to below 4.5% of GDP. 3. The government aims to maintain a strict consolidation path to achieve fiscal stability.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3✓
- 2Both 1 and 2
- 3Both 1 and 3
- 4Only 3
Correct answer
Both 2 and 3
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