Analysts see the fiscal deficit doubling from the budgeted level of Rs 8 lakh crore for the year.
At 13%, expenditure growth in Q1 was the same as budgeted for the whole of FY21.The Centre stepped up Budget spending in June despite a huge revenue shortage. At 13%, expenditure growth in Q1 was the same as budgeted for the whole of FY21. Analysts see the fiscal deficit doubling from the budgeted level of Rs 8 lakh crore for the year.
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