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Fiscal Math Under Watch as Budget Nears With Deficit Progress at 62%
With over 60% of the fiscal deficit already used by November, attention has shifted to Budget 2026, where spending control, tax buoyancy, and borrowing plans will determine whether the 4.4% target is achievable.
India has utilised around 62% of its full-year fiscal deficit target by November, raising focus on Budget 2026 execution. Higher capital spending, subsidies, and slower revenue inflows have driven the gap. Analysts believe meeting the 4.4% deficit goal will hinge on expenditure discipline, buoyant tax collections, and controlled borrowing in the remaining months.