The government has proposed to lower debt-to-GDP ratio to 55.6 per cent in FY27, from 56.1 per cent in the current fiscal year, Finance Minister Nirmala Sitharaman said. Presenting the Union Budget 2026-27, she said the Centre has allocated Rs 5,000 crore for CITY Economic Regions (CERs) over five years. She also said the government has accepted the recommendations of the 16th Finance Commission, retaining a 41 per cent tax devolution formula.