The most consequential decision is also the quietest. The Centre has accepted the Commission\u2019s recommendation to retain 41% vertical devolution to states. In an era where political economy is increasingly centralised in rhetoric if not always in law, this is a signal worth underlining. It anchors federal trust even as the Centre tightens its own fiscal belt. The Budget\u2019s fiscal deficit for 2026\u201327 is pegged at 4.3% of GDP, with a clear glide path towards a 50\u00b11% debt-to-GDP ratio by 2030. This is not austerity. It is choreography.<\/p>","protected":false},"excerpt":{"rendered":"
The most consequential decision is also the quietest. The Centre has accepted the Commission\u2019s recommendation to retain 41% vertical devolution to states. In an era where political economy is increasingly centralised in rhetoric if not always in law, this is a signal worth underlining. It anchors federal trust even as the Centre tightens its own… Read More »From arithmetic to architecture: What Budget 2026 really means<\/span><\/a><\/p>\n","protected":false},"author":0,"featured_media":89208,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/89207"}],"collection":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/comments?post=89207"}],"version-history":[{"count":0,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/posts\/89207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media\/89208"}],"wp:attachment":[{"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/media?parent=89207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/categories?post=89207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfortnite.com\/index.php\/wp-json\/wp\/v2\/tags?post=89207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}