Fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate: Centre

Spread the love

[ad_1]

For the last financial year, the government had initially pegged the fiscal deficit at 6.8% of the GDP. 

Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday.

Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the absolute terms was 15,86,537 crore (provisional).

The revenue deficit at the end of 2021-22 was 4.37 per cent.

For the last financial year, the government had initially pegged the fiscal deficit at 6.8 per cent of the GDP in the budget presented in February 2021.

The government in the revised estimates in the Budget for 2022-23 forecast a higher fiscal deficit of 6.9 per cent of the GDP or 15,91,089 crore for the fiscal ended in March. 


Close Story

[ad_2]

Source link

Tags:

3 thoughts on “Fiscal deficit for 2021-22 at 6.7% of GDP, lower than earlier estimate: Centre

  1. Pain management has traditionally been the focus of treatment for inpatients with sickle cell disease, but the assumption was that pain was infrequent in outpatients tadalafil generic vs cialis neggram para que sirve ivexterm ivermectina Гў We are all deeply shocked and saddened by the tragic loss of our sister, Domonique Newburn, Гў producer Ryan Clarke said in a statement obtained by the News

Leave a Reply

Your email address will not be published. Required fields are marked *