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Budget 2022: Govt pegs fiscal deficit for FY22 a tad higher at 6.9%

The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022.

Written by PTI
Updated:
Total expenditure during the current year is estimated at Rs 39.45 lakh crore

Govt pegs fiscal deficit for FY22 a tad higher at 6.9% New Delhi, Feb 1 (PTI) India’s fiscal deficit will unexpectedly rise to 6.9 per cent of GDP in the current fiscal and it is being targeted to be cut to 6.4 per cent in the next financial year.

The fiscal deficit or the gap between expenditure and revenue was estimated at 6.8 per cent of the gross domestic product (GDP) in the current financial year ending March 31, 2022.

Also Read: Budget 2022 Live Updates: FM makes big announcements Digital Currency, Jobs, Infrastructure, PM Gati Shakti

Total expenditure during the current year is estimated at Rs 39.45 lakh crore while total resources mobilisation would be Rs 22.84 lakh crore, Finance Minister Nirmala Sitharaman said while unveiling Budget 2022-23 in the Lok Sabha on Tuesday

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