https://www.taxtmi.com/news?id=69054 A calibrated fiscal strategy prioritizes revenue mobilization and higher capital expenditure, with the fiscal deficit budgeted at 4.4% of GDP and the revenue deficit narrowed to 0.8% of GDP in FY26. Technology driven tax compliance measures and expanded direct tax filings strengthened receipts; non tax revenues benefited from higher CPSE profits. The SASCI scheme provides long term interest free loans to incentivize state capital spending, while GST 2.0 and other tax reforms aim to reduce compliance costs, broaden the tax base, and support a medium term debt to GDP consolidation trajectory. en-us Thu, 29 Jan 2026 17:16:50 +0530 Thu, 29 Jan 2026 17:16:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=69054 A calibrated fiscal strategy prioritizes revenue mobilization and higher capital expenditure, with the fiscal deficit budgeted at 4.4% of GDP and the revenue deficit narrowed to 0.8% of GDP in FY26. Technology driven tax compliance measures and expanded direct tax filings strengthened receipts; non tax revenues benefited from higher CPSE profits. The SASCI scheme provides long term interest free loans to incentivize state capital spending, while GST 2.0 and other tax reforms aim to reduce compliance costs, broaden the tax base, and support a medium term debt to GDP consolidation trajectory. News - Thu, 29 Jan 2026 17:16:50 +0530 https://www.taxtmi.com/news?id=69054