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Economic Government Budget
Economic Government Budget
• https://www.business-standard.com/article/economy-policy/covid-
19-fallout-fiscal-deficit-may-rise-to-rs-14-6-trillion-in-fy21-
120091800650_1.html#:~:text=According%20to%20an%20EcoScope
%20report,cent%20growth%20in%20total%20spending.
Higher fiscal spending of nearly 2 per cent of
GDP, a massive shortfall in revenues, and a
likely contraction in GDP could drive India far
from the fiscal glide path that would take years
to repair.
KEY HIGHLIGHTS
Finance Ministry sees fiscal deficit increase of
140-180 bps this year due to COVID-19 impact
FY21 fiscal deficit seen at 6%-6.3% against
target of 3.5%
See wide fiscal deficit slippage due to
contraction in GDP, additional spending
• News and statistics