Economy
Finance Minister Sitharaman Pledges Fiscal Deficit Reduction and Debt Cap by 2030
Originally reported by Livemint as: Centre committed to reducing fiscal deficit, national debt to be capped at 50% of GDP by 2030: FM Sitharaman
26 Oct 2026, 6:05 pm IST · Xecute.finance News Desk
The crisp read
Finance Minister Sitharaman announced the government's firm commitment to lowering the fiscal deficit. She stated that the national debt will be restricted to 50 percent of the GDP by the year 2030.
Why it matters: Crucial for macroeconomic forecasting, sovereign rating assessments, and fixed-income investors tracking government borrowing trajectories.
Deep dive - the full story
Union Finance Minister Nirmala Sitharaman stated that the central administration remains dedicated to narrowing the fiscal deficit through disciplined financial management. The policy objective targets capping the total national debt at 50 percent of the gross domestic product by 2030.
This fiscal consolidation roadmap aims to strengthen macroeconomic stability and manage public borrowings sustainably over the coming decade. The strategy relies on sustained revenue growth and rationalized public expenditure.
Economists and market participants should watch upcoming budget announcements and fiscal glide path updates to measure progress toward the 2030 debt target.
Source: news.google.com
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