The government relaxed its fiscal glide path in the last Budget at a time when revenues were squeezed and expenditure went up. It has kept a target of a 4.5% fiscal deficit by FY26.
source https://economictimes.indiatimes.com/industry/banking/finance/fy23-fiscal-deficit-pegged-at-6-4-of-gdp/articleshow/89267521.cms
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