The government is well on track to meet the fiscal deficit target of 4.4% of GDP estimated for the current financial year based on broad trends, the Economic Survey 2025-26 tabled in Parliament on Thursday said. According to the survey prepared by Chief Economic Advisor V Anantha Nageswaran and team, the central government’s fiscal trajectory stands out for combining consolidation with sustained public investment, earning three sovereign rating upgrades this year. As of November 2025, the Union government’s fiscal deficit stood at 62.3% of the Budget Estimates, it said. It is to be noted that the government overachieved its fiscal deficit target of 4.8% against 4.9% of GDP pegged for FY25. The fiscal deficit declined from a high of 9.2% of GDP in FY21 to 4.8% of GDP in FY25 and is budgeted at 4.4% of GDP in FY26.