Budget aims to push mfg, boost India's share in global growth: FM Nirmala Sitharaman

Replying to the discussion on Union Budget 2024-25 and Union Territory of J&K in Rajya Sabha, Sitharaman said the government is well on track to achieve the fiscal deficit target of 4.5% of GDP by 2025-26. "The government has always maintained fiscal prudence as one of the important governance principles... From 2026-27 onwards we will adhere to a path to ensure that the central government debt as a percentage of GDP is at a declining trend," she said.