Module: General Practice
Q1: According to the Union Budget 2026-27 presented by the Finance Minister, what is the estimated Fiscal Deficit target for the financial year 2026-27 as a percentage of GDP?
✅ Correct Answer: B
The Fiscal Deficit for the financial year 2026-27 (Budget Estimate) is estimated at 4.3% of GDP.
The government has continued its path of fiscal consolidation.
The Revised Estimate for the preceding year, 2025-26, was maintained at 4.4%. This marks a consistent decline from the post-pandemic highs, adhering to the glide path announced in previous Union Budget 2026-27 documents to bring the deficit below 4.5% by FY26.
The government has continued its path of fiscal consolidation.
The Revised Estimate for the preceding year, 2025-26, was maintained at 4.4%. This marks a consistent decline from the post-pandemic highs, adhering to the glide path announced in previous Union Budget 2026-27 documents to bring the deficit below 4.5% by FY26.