The price range goals to steadiness the tough fiscal trinity of fiscal self-discipline, revenue tax cuts, and constant capital expenditure outlays. Though capex continues to be a spotlight, the tempo might decelerate, Nomura stated.
The price range takes a focused method, balancing fiscal self-discipline with growth-supporting measures. International financial setting, notably geoeconomic fragmentation, pose challenges, based on the analysis agency. Nonetheless, it stays optimistic about medium-term development, pushed by investments, job creation, and elevated consumption.
