📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      As part of its medium-term fiscal consolidation strategy

      outlined in the Union Budget 2026–27, the Central Government has indicated a target for reducing its total outstanding liabilities relative to GDP over the coming years. According to this stated fiscal roadmap, the government aims to bring down its outstanding liabilities to approximately what level (as a percentage of GDP) by March 2031?
      A 40% Correct Answer Incorrect Answer
      B 45% Correct Answer Incorrect Answer
      C 50% Correct Answer Incorrect Answer
      D 60% Correct Answer Incorrect Answer

      Solution

      The government has set a medium-term debt target of around 50% of GDP by March 2031 as part of fiscal consolidation efforts. For 2026–27, liabilities are estimated at about 55.6% of GDP  The target implies a gradual reduction in debt burden over time  This reflects an attempt to ensure debt sustainability while supporting growth.

      Practice Next
      ask-question