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THE BUDGET AND THE IMPERATIVE OF FISCAL CONSOLIDATION

THE BUDGET AND THE IMPERATIVE OF FISCAL CONSOLIDATION Syllabus: GS Paper – 3: Planning, Mobilization of Resources, Fiscal Policy WHY IN THE NEWS? The Union Budget 2026–27 was presented amid ambitious Viksit Bharat goals, slowing fiscal consolidation, cautious revenue projections, and new Finance Commission recommendations. While capital expenditure and technology-led growth received emphasis, concerns persist …

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