Centre's FY27 fiscal deficit may exceed Budget target by Rs 1.2 lakh crore, reach 4.7% of GDP: SBI Research

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The Centre’s fiscal deficit for 2026-27 could exceed the Budget Estimate by around Rs 1.2 lakh crore, with higher subsidy spending and lower tax receipts adding pressure on government finances, according to a report by SBI Research.

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Centre's FY27 fiscal deficit may exceed Budget target by Rs 1.2 lakh crore, reach 4.7% of GDP: SBI Research

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