• Fiscal Deficit:
• 6.5% (2022–23) → 5.6% (2023–24) → 4.9% (2024–25) → 4.5% (2025–26 RE) → 4.3% (2026–27 BE)
• Strong downward consolidation over five years
• Revenue Deficit:
• 4.0% (2022–23) → 2.6% (2023–24) → 1.5% (2024–25) → 1.3% (2025–26 RE) → 1.2% (2026–27 BE)
• Sharp improvement in revenue balance
• Primary Deficit:
• 3.0% (2022–23) → 2.0% (2023–24) → 1.0% (2024–25) → 0.8% (2025–26 RE) → 0.7% (2026–27 BE)
• Moving closer to primary balance• Effective Revenue Deficit:
• 2.8% (2022–23) → 1.8% (2023–24) → 1.0% (2024–25) → 0.4% (2025–26 RE) → 0.3% (2026–27 BE)
• Nearly eliminated by 2026–27
