Zooming out and looking over the history of the budget back to 2016 shows a more complete picture. The change since Covid is quite dramatic. In 2019, the deficit was $1.02T. In 2025, it was $1.66T.
Union Budget 2026: As the budget approaches on Sunday, 1st February, know how the fiscal deficit shapes government spending.
From infrastructure spending to interest rates, fiscal deficit influences some of the biggest economic outcomes of the Union Budget. Heres a simple five-question guide to understanding why it matters.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results