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.