India considers spending curbs to protect fiscal deficit target
- Posted on June 4, 2026
- By Business News Today
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- 1 min read
India considers spending curbs to protect fiscal deficit target
India's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals. Officials are looking at trimming allocations in areas like water resources and loans to states. Capital expenditure and defense spending are unlikely to be reduced.
