Fiscal deficit to be 6.6% of GDP in report released by Ind-Ra

Fiscal deficit to be 6.6% of GDP in report released by Ind-Ra

Daily Current Affairs   /   Fiscal deficit to be 6.6% of GDP in report released by Ind-Ra

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Category : Business and economics Published on: December 31 2021

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  • According to India Ratings and Research, the fiscal deficit for FY22 is expected to be 6.6 percent of GDP.
  • The Reserve Bank of India (RBI) in its Financial Stability Assessment said that the government has not been able to meet the planned fiscal deficit target of 6.8% for 2021-22.
  • Higher tax and non-tax revenue collections are expected to more than offset the likely shortfall in disinvestment revenue this fiscal year, resulting in a fiscal deficit of 6.6 percent of GDP, which is 20 basis points lower than budgeted.
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