Centre committed to reducing fiscal deficit, national debt to be capped at 50% of GDP by 2030: FM Sitharaman
Mint 1 hr ago·26 Oct 2026, 12:35 pm
Finance Minister Nirmala Sitharaman has set a clear fiscal target for the government: to cap the national debt at 50% of the Gross Domestic Product (GDP) by the year 2030. This commitment is part of a broader strategy to reduce the fiscal deficit, which measures the gap between government spending and revenue. The government also emphasized measures to control inflation and shield consumers from sudden price hikes.
For investors, this announcement signals a shift towards fiscal discipline, which could improve the country's credit rating and lower borrowing costs over time. However, achieving this goal will require careful balancing, as it may involve reducing spending or increasing revenue. Investors should watch for upcoming budget details and policy implementation to gauge the government's progress toward these targets.
Excerpt from Mint
Finance Minister Nirmala Sitharaman said the Centre remains committed to reducing the fiscal deficit and aims to cap national debt at 50% of GDP by 2030. She also highlighted measures to control inflation and protect consumers from price shocks. Union Finance Minister Nirmala Sitharaman on Monday said that the Centre…Read the original at Mint
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