The government has made a commitment to improving quality spending and reducing the fiscal deficit to 4.5% in FY26.

    The government will continue its focus on improving quality spending, strengthening the social security net and to bring down the fiscal deficit to 4.5% of the GDP in FY26, a finance ministry document said. Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in Parliament on February 1. The Union…

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