Fiscal position on 2021-22 Budget

Fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP and in Revised Estimate (RE) 2020-21 is pegged at 9.5% of GDP – funded through Government borrowings, multilateral borrowings, Small Saving Funds and short-term borrowings. Gross borrowing from the market for the next year to be around 12 lakh crores. Amendment to Fiscal … Read more

What is fiscal deficit

It is the difference between the government’s total expenditure and its total receipts excluding borrowing.Gross fiscal deficit = Total expenditure – (Revenue receipts + Non-debt creating capital receipts)It is a key variable in judging the financial health of the public sector and the stability of the economy

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