Centre's fiscal deficit for FY21 settles at 9.2% of GDP vs target of 9.5%

The Centre’s fiscal deficit for the financial year 2020-21 settled at 9.2 per cent of the gross domestic product, marginally below the government’s revised target of 9.5 per cent. This was on the back of better-than-expected revenue receipts with expenditure staying broadly at the level targeted in the revised estimates of the Budget.

In absolute terms, India’s fiscal deficit was Rs 18.21 trillion, about Rs 27,194 crore lower than the projected Rs 18.48 trillion, as per the provisional estimates released by Controller General of Accounts. The fiscal deficit of 9.2 per cent has been estimated based on provisional estimates for