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Budget 2021: Fiscal deficit increasing to 9.5% of GDP shows govt spent big, says FM

Feb 01, 2021, 07:18PM ISTSource: TOI.in

FM Nirmala Sitharaman during the post-budget press conference on Monday said fiscal deficit increasing from 3.5% in February 2020 to 9.5% of GDP shows government's expenditure increased. "Our fiscal deficit which started at 3.5% during Feb 2020 has increased to 9.5% of GDP, so we have spent, we have spent and we have spent At the same time, we have given a clear glide path for deficit management," she said. She added that spending on infrastructure is aimed at increasing demand in the economy.

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