Government to meet FY26 fiscal targets through capex cuts
after close1 source ↓written by the desknot a recommendation
- in October
- 28% year-on-year
The Central government aims to achieve its fiscal deficit target of 4.4% of GDP for FY26 by implementing capital expenditure cuts. Capex fell 28% year-on-year in October, primarily due to reduced transfers to states, while defence spending remained robust. This strategy comes as income tax and GST collections decline, impacting overall revenue.
Not investment advice. For informational purposes only.