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However, its overall fiscal deficit narrowed sharply from 13.4 percent of GDP in 2024 to 6.4 percent of GDP in 2025, mostly driven by spending rationalisation, the IMF said in June.
From Barron's ● Sep. 1, 2026
“Unlike previous downturns where weaker demand and eventual supply rationalisation loosened the market, the current shock is supply-driven and much of the damage is already done.”
From MarketWatch ● May 19, 2026
"Faster implementation of the expected fiscal reforms aimed at strengthening government revenue and expenditure rationalisation is needed," it said, adding that improvements in the financial position of state-owned enterprises were also key.
From Reuters ● Jul. 7, 2022
"This rationalisation will always start with the least profitable parts of a business - which, in the case of multi-channel retailers, will more often than not be High Street stores," said Mr Tonge.
From BBC ● May 18, 2022
As will be easily seen, rationalisation is of everyday occurrence with all of us, and the man who rationalises always believes he is reasoning.
From Spiritualism and the New Psychology An Explanation of Spiritualist Phenomena and Beliefs in Terms of Modern Knowledge by Millais Culpin
