Budget 2026: Fiscal policy likely to turn less contractionary from FY27 as Centre pivots to debt targeting: BofA by Live mint | January 20, 2026 1:15 pm | Indian Stocks, Market, News Budget 2026: BofA projects a modest reduction in the deficit to 4.3% of GDP in FY27, signaling a pause in aggressive consolidation and a move towards maintaining fiscal support in line with economic growth.