← 1 October 2026's Current Affairs · Economy GA Prelims ★★★★☆ Mains ★★★☆☆
Fiscal Deficit Reaches 41.9% of Target by August
খবরে কেন?
41.9% of the deficit target gone in five months: the fiscal deficit definition GS-III tests
The fiscal deficit hit 41.9% of the 2026-27 target at end-August on higher subsidy spends.
Why it matters: factual, Prelims-type
What you need to know
2 মিনিট
The Centre's fiscal deficit at the end of August 2026 stood at 41.9 per cent of the budget estimate for 2026-27, driven by higher subsidy spending.
Total expenditure was 38.9 per cent of the budget estimate, compared with 37.1 per cent in the same period of 2025-26.
The fiscal deficit is the gap between total expenditure and total receipts excluding borrowing.
সূত্র: Topper IAS editorial (PIB / The Hindu / Indian Express)
মূল তথ্য
Remember these
- Fiscal deficit at end-August 2026 stood at 41.9% of the 2026-27 budget estimate
- Total expenditure was 38.9% of the budget estimate, against 37.1% in the same period of 2025-26
- Higher subsidy spending drove the rise
- Fiscal deficit = total expenditure minus total receipts excluding borrowing
- The FRBM Act, 2003 provides the statutory framework for fiscal deficit targets
প্রিলিমস · মেইনস
How the exam will ask it
প্রিলিমস
- Fiscal deficit is the gap between total expenditure and total receipts excluding borrowing, and it equals the government's total borrowing requirement.
- Budget estimate (BE) is the target for a financial year, and monthly data from the Controller General of Accounts is reported as a percentage of BE.
- Subsidies form part of revenue expenditure, so higher subsidy spending raises both the revenue deficit and the fiscal deficit.
মেইনস
GS-III Economy: rising subsidy spending pushes the fiscal deficit towards its target, raising the issue of fiscal consolidation under the FRBM framework. Higher deficits mean more government borrowing, which can crowd out private investment and pressure bond yields. The way forward lies in subsidy rationalisation and targeted delivery through DBT, along with better tax buoyancy.
Quick recall
Answer before you reveal
Who was appointed by King Mohammed VI in September 2026 as the first woman Prime Minister of Morocco?
- Nadia Fettah
- Leila Benali
- Nouzha Skalli
- Fatima Ezzahra El Mansouri
উত্তর দেখুন
উত্তর: D — Correct: Fatima Ezzahra El Mansouri — Fatima Ezzahra El Mansouri was appointed Prime Minister on 29 September 2026, the first woman in the office. • Nadia Fettah — wrong: Nadia Fettah is a Moroccan minister in the finance portfolio, not the newly appointed Prime Minister. • Leila Benali — wrong: Leila Benali is a Moroccan minister associated with energy and environment, not the Prime Minister. • Nouzha Skalli — wrong: Nouzha Skalli is a veteran Moroccan politician who served as a minister earlier, but was not appointed Prime Minister.
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