FY'27 Budget likely to peg fiscal deficit at 4.3%: ICRA

Union Budget News: The government is expected to set the fiscal deficit at 4.3 percent of GDP for the next financial year. Capital expenditure is projected for a significant increase. This comes as the focus shifts towards medium-term debt consolidation. The budget will also consider recommendations from the 16th Finance Commission. Market issuances are anticipated to rise sharply.