 "Govt may rein in fiscal deficit at 6.8% of GDP: First advance estimates")
Even if the government spends Rs 71,000 crore more than the Budget Estimates (BE) and all revenues remain constant at the BE level, the Centre would be able to rein in its fiscal deficit at 6.8 per cent of gross domestic product (GDP).
The lever to the government was given by the first Advance Estimates, which pegged GDP at current prices at Rs 232.15 trillion for 2021-22 as against Rs 222.87 trillion assumed by the Budget. The new GDP number would be used to change various figures in the Revised Estimates compared to the BE for FY22 in the forthcoming
