Centre likely to prioritise debt consolidation, capex push in Budget 2026: ICRA

The upcoming Union Budget for 2026-27 is expected to prioritize medium-term debt consolidation while maintaining a strong push for capital expenditure. ICRA projects a fiscal deficit of 4.3% of GDP, with a significant increase in capital spending to Rs 13.1 trillion, aiming to front-load infrastructure development before future fiscal rigidities.