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A new fiscal consolidation roadmap
24/03/2025
(Co-authored with Abhishek Singh)
In the Union Budget 2025-26, Finance Minister Nirmala Sitharaman reaffirmed the government's commitment to fiscal consolidation by setting a target of reducing the debt-to-GDP ratio to 50% (±1%) by 2030-31. This target is part of a new fiscal consolidation strategy for the five-year period from ...
